We ended our Q4FY18 analysis for Jet by indicating that, “Going forward, it seems that Jet Airways is headed for a turbulent ride. Debt will grow for the short-term. The revenue pressures are intense and the cost base is high. Addressing both these elements is critical to success.” While we forecast a result that would reflect ongoing challenges, little did …

SpiceJet, reported its first quarter results of the fiscal year 2018-2019 (Q1FY19) last week. Much like its rival Indigo, it was a result that reflected the ongoing weakness in the market and was below expectations. Key numbers SpiceJet Q1FY19 results snapshot (in INR) comparisons to Q1FY18 Revenues ₹2,236 crores (up 20%) Costs ₹2,245 crores (up 31%) EBITDAR ₹398 crores (down …

Confirming the challenging nature of the market, Jet Airways posted a loss of ₹1,036 crores for the fourth quarter of the fiscal year ending March 31, 2018. This pulled the full year loss to ₹767 crores. This was their first loss after eleven consecutive profitable quarters and the first full year loss after 2 years of profit. The results reflect …

Even during a lull, the Indian civil aviation market never ceases to keep one on their toes. The recent weeks have seen three Chief Executives of Indian carriers in the news. First, Aditya Ghosh of IndiGo put in his papers after steering the ship for over ten years, apparently under pressure from the promoters. Amar Abrol of AirAsia India is …

Indigo’s fourth quarter results were far below expectations, reflecting the intensely competitive market and irrational market and also Indigo’s challenges as it continues its growth path. The results were announced along with the full year results, however we present an analysis only of the fourth quarter as it is reflective of certain trends in the market (a full year analysis …

In the weeks leading upto the Emirates A380 order there was much speculation on the future of the A380 program and if this glorious aircraft would continue to be produced. As the largest operator of the fleet type Emirates was central to the debate. Things came to a pass when at the Dubai Airshow Emirates ordered 40 Boeing 787-10 Dreamliners …

by Poonam Verma and Apoorva Saxena Foreign pilots have enjoyed the privilege to fly steel birds in India for a long time. This, to a great extent, hampered opportunities available to Indian trained pilots. This treatment of foreign pilots in India is not being reciprocated to Indian pilots by foreign jurisdictions. This article throws some light on the opportunities and …

In 2006-07, Mumbai and New Delhi airports were awarded to M/s GMR and GVK and entered an era of private airport management. In the mean time, private public partnership greenfield airports were in progress at Kochi, Hyderabad, and Bangalore. Passengers across the nation waited with anticipation to finally be free of the poor service standards of the Airports Authority of …

India’s largest domestic carrier, IndiGo, reported its second quarter results of the fiscal year 2017-2018 (Q2FY18) yesterday. It was a result that surpassed expectations. IndiGo Q2FY18 results snapshot (in ₹) comparisons to Q2FY17 Revenues ₹5,506 crores (up 13%) Costs ₹4,741 crores (up 14.2%) EBITDAR ₹1,581 crores (up 61.8%) Profit before tax (PBT) ₹7,645 (up 333%) Profit after tax (PAT) ₹551 crores …

Jet Airways reported results for the first quarter (Q1) of the fiscal year 2017-18 (FY2018 or FY18) yesterday. The results were a mixed bag and showed both areas of improvement and concern. Bangalore Aviation presents an analysis by an external industry professional as the editor of the site owns shares in the airline. The external analyst prefers to remain anonymous. …

Just as the cabinet decision for Air India was approved, the unsolicited bid by Indigo caught the entire airline industry by surprise. The surprise factor is perhaps best highlighted by the stock price which took a beating and fell on average by 8% in the two days following the announcement. However, the bid represents a very smart and planned move …

New Delhi Indira Gandhi airport is looking to maximize efficiency of their runways via a series of measures. Bangalore Aviation has learned that the airport operator Delhi International Airport Limited (DIAL) is working towards achieving a runway service rate of 104 movements per hour. This rate will include optimised pilot performance, optimised ATC performance and high intensity runway operations. Yet, …

Earlier this month, on the 9th of May, India’s largest domestic airline Indigo, announced that they had signed a term-sheet with French turbo-prop airframer ATR, for the induction of 50 ATR72-600 regional aircraft. The announcement caught the aviation and investment community completely by surprise. Since its inception 12 years ago in 2005, IndiGo had slavishly adhered to the “one airframe …

Industry sources indicate that Christoph Mueller is likely to be appointed as the CEO of Etihad.  The appointment comes at a time when the airline is facing severe challenges specifically —  a rising cost base and declining yields that resulted in the departure of its previous CEO James Hogan along with several other members. A turnaround expert A no-nonsense and extremely direct person, …

The DGCA has put out a circular with guidelines on avoiding confusing call-signs by operators. Presumably this comes about after a handful of incidents where callsigns were confused. However, this move by the regulator that fails to address the real issue. Full document may be accessed at: http://dgca.nic.in/aic/AIC02_2017.pdf Thoroughly confusing and impractical guildelines The guidelines have a bullet list of provisions. Who is …