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Analysis: Are the SpiceJet Q2FY20 results being underplayed?

SpiceJet, now India’s second-largest domestic airline, reported its second-quarter results of the fiscal year 2019-2020 (Q2FY20) this Wednesday. It was a result that was met with mixed expectations and also one that seems to be underplayed. We attempt to present an analysis that may help deconstruct the figures. The focus has been on a net loss of INR 462 crores …

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SpiceJet may just redefine the perception of business class

Spicejet Boeing 737-800 VT-SPL "Cardamom"

May will see the launch of SpiceBiz – SpiceJet’s business class product. It is a strategic shift for an airline that operates on the LCC business model and one that leverages the opportunity presented after the grounding of Jet Airways. The industry is abuzz with debate on whether SpiceJet can pull this off. Our contention is that SpiceBiz may redefine …

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Emirates and Spicejet announce codeshare agreement

Emirates and SpiceJet have announced a codeshare agreement to allow both the airlines to take advantage of each others network. The airlines have signed a Memorandum of Understanding (MoU), which following regulatory approvals will allow SpiceJet to place its code and offer connections on Emirates vast international network. Emirates will gain access to 51 domestic destinations with 10 direct destinations …

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SpiceJet to lease 16 additional 737-800’s

Spicejet Boeing 737-800 VT-SPL "Cardamom"

SpiceJet has announced that it will dry lease 16 additional Boeing 737-800s. The airline has applied to the Directorate General of Civil Aviation for a No Objection Certificate to import the aircraft. The airline has not identified the source of the lease. SpiceJet currently has 13 737 MAX 8s grounded and has indicated that the recent troubles of Jet Airways …

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Spicejet launches flights from Jharsuguda, Kishangarh, and Lakhimpur. And 20 more flights.

SpiceJet Bombardier Q400 Dash 8 VT-SUB lands at Kempegowda airport Bangalore. Photo by Vedant Agarwal. All rights reserved.

Low-cost carrier SpiceJet has announced new UDAN flights from Jharsuguda, Odisha, Kishangarh, Rajasthan and Lakhimpur, Assam. The airline has launched 14 new UDAN and 14 other direct flights. Starting today the airline will operate the UDAN routes of Kishangarh-Ahmedabad-Kishangarh, Lakhimpur-Guwahati-Lakhimpur, Jaipur-Amritsar-Jaipur, Delhi-Jharsuguda-Delhi, Hyderabad-Jharsuguda-Hyderabad, Kolkata-Jharsuguda-Kolkata and Bhopal-Udaipur-Bhopal. The airline has also launched direct flights on the Mumbai-Bhopal-Mumbai, Mumbai-Gorakhpur-Mumbai, Chennai-Patna-Chennai, Delhi-Bhopal-Delhi (two …

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SpiceJet continues to leverage the UDAN policy and develop its network

SpiceJet Bombardier Q400 Dash 8 VT-SUB lands at Kempegowda airport Bangalore. Photo by Vedant Agarwal. All rights reserved.

SpiceJet announced the launch of 8 new direct flights to Gwalior in Madhya Pradesh. This city will be connected under the UDAN III scheme. It is the airline’s 11th destination under the regional connectivity scheme (RCS). In doing so, SpiceJet continues building its network strategy of connecting smaller towns and cities while leveraging the government’s flagship policy. The UDAN scheme …

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Spicejet announces Hyderabad to Jeddah daily flight

Low-cost carrier SpiceJet has announced a daily flight Hyderabad and Jeddah. The airline will begin operating the flight from 25 March 2019 on its new Boeing 737 MAXs. Jeddah will be the third destination for the airline in the Middle East after Dubai and Muscat and ninth international destination in total. Ajay Singh, Chairman and Managing Director, SpiceJet “It is …

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Spicejet to add 14 flights from Bangalore, Hyderabad to Kochi, Port Blair, Kolkata and more

Low cost carrier Spicejet is adding eight new direct flights from Hyderabad to Kolkata, Pune and Coimbatore. The airline will operate these flights daily commencing on 1st January 2019. Flight No. Origin Destination Departure Arrival Frequency SG 749 Hyderabad Kolkata 7:15 am 9:25 am Daily SG 750 Kolkata Hyderabad 9:55 am 12:05 pm Daily SG 751 Hyderabad Kolkata 4:45 pm …

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SpiceJet Q2FY19 results analysis

SpiceJet Boeing 737-800 VT-SPJ. Photo copyright Devesh Agarwal.

SpiceJet, reported its second quarter results of the fiscal year 2018-19 (FY19) yesterday. Much like the results of other listed airlines, it was a loss for the quarter. SpiceJet Q2FY19 snapshot: Revenues ₹1,9104 crores (up 4%) Costs ₹2,299 crores (up 25%) EBITDAR (₹32.7) crores Profit before tax (PBT): loss of (₹396 crores) Revenue per available seat kilometre (RASK) ₹3.73 Cost per …

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Spicejet takes delivery of first 90 seat Q400

SpiceJet Bombardier Q400 Dash 8 VT-SUB lands at Kempegowda airport Bangalore. Photo by Vedant Agarwal. All rights reserved.

Low cost carrier SpiceJet has taken delivery of Bombardier’s first 90-seat Q400 turbo-prop. The Canadian airframer had announced in February 2016 that it would develop an extra-capacity 90 seat variant of the Q400. Bombardier has accomplished this by redesigning the front right door of the aircraft and moving the aft bulkhead further back. This along with reducing the space between …

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Spicejet operates India’s first bio-fuel flight

Low cost carrier SpiceJet operated India’s first BioJet Fuel powered flight yesterday. The airline operated the flight with a Bombardier Q400 on the Dehradun – Delhi route. The fuel used is a blend of 75% traditional aviation turbine fuel (ATF) and 25% of BioJet fuel. The fuel is made by Jatropha crop and been developed by the CSIR-Indian Institute of …

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SpiceJet first quarter FY2018-19 results analysis

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 …

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Spicejet launches training academy for flight crew

Low cost carrier SpiceJet has launched a training center called the Spice Star Academy. The academy will offer students cabin crew training through a six month classroom program and a online course for a Bachelor of Business Administration degree from Amity University. The airline has stated it will offer placement to all students trained under this program. Spicejet is planning …

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Spicejet to relaunch flights to Hubli

SpiceJet Bombardier Q400 Dash 8 VT-SUB lands at Kempegowda airport Bangalore. Photo by Vedant Agarwal. All rights reserved.

Low cost carrier Spicejet has announced that it will restart operations to Hubli. The airline will operate flights to Hubli from Bangalore, Mumbai, Chennai and Hyderabad. The flights from Chennai and Hyderabad will be under the UDAN regional connectivity scheme and will make Hubli Spicejet’s fifth destination under the scheme. The airline stopped it’s operations to Hubli after a crash …

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Analysis: Spicejet first quarter FY2018 results. Several items of concern.

SpiceJet Bombardier Q400 Dash 8 VT-SUB lands at Kempegowda airport Bangalore. Photo by Vedant Agarwal. All rights reserved.

Spicejet’s results for the first quarter of fiscal year 2017-18 were a mixed bag, and we find several items of concern. Bangalore Aviation presents an analysis of the numbers: Results snapshot (all figures in Indian Rupees) Revenues 2,068 crores Costs 1,714 crores EBITDAR 479 crores Profit before tax 177 crores Profit after tax 178 crores Revenue per available seat kilometre …

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