Monthly Archives: July 2020

SpiceJet Q4FY20 results analysis: A sharp deterioration in financial health

Spicejet Boeing 737-800 VT-SPL "Cardamom"

After a long delay, India’s second-largest low-cost carrier reported its Q4FY20 results yesterday. Despite strong revenue growth, the airline posted a loss of ₹807 on account of increases in fuel costs, decline of the rupee and the impact of COVID-19 pandemic. The accumulated losses and increase in liabilities have deteriorated the financial health of the airline. SpiceJet Q4FY20 results snapshot …

Read More »

Indigo’s Q1FY21 results analysis: Highlighting the depth of the challenges

India’s largest airline reported its first-quarter results yesterday. If Q4FY20 losses of 870 crores were of concern, Q1FY21 has only made this much worse. The loss at 2,844 crores was three times the loss of the previous quarter. This was in the most part not surprising given that much of the quarter had aircraft sitting on the ground due to …

Read More »

Vistara introduces full-flat business class seats on it’s new Airbus A321neo

Vistara has taken delivery of it’s first Airbus A321neo from Airbus’ Finkenwerder plant in Hamburg, Germany. The aircraft is the first of six A321neo for the airline, on lease by Air Lease Corporation, is part of a 50 A320neo family aircraft order that the airline placed in 2018. The aircraft was meant to be deployed on short to medium-haul routes …

Read More »