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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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Spicejet Q4FY17 results analysis

Spicejet Boeing 737-800WL VT-SGK at New Delhi airport.

Spicejet reported the fourth quarter of fiscal year 2016-2017 results on June 3, 2017, a Saturday, not a working day for the financial markets. The timing of the results announcement was as interesting as the results themselves. Overall, the results were below analyst expectations and are reflective of the intensely competitive fare and capacity environment in Indian aviation. Key financial …

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Spicejet first to use Bangalore airport’s new electronic boarding gate

Spicejet Boeing 737-800WL VT-SGK at New Delhi airport.

Gurugram based low fare carrier SpiceJet is the first airline to use the new electronic board gates at the Kempegowda airport in Bangalore. Spicejet’s departure control system is integrated with the e-Gates and allows passengers to board by self scanning their boarding passes, whether on paper, mobile, or smart watches. The system verifies the pass, and opens the gate is …

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SpiceJet Q3FY17 results analysis: severe turbulence ahead

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

Spicejet reported its third quarter (ending December 31) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 181.1 crores, the results were below expectations. As was the case with its competitors, consistent fare sales and aggressive capacity addition added to the revenue pressure but as SpiceJet usually leads in the fare sales and demand stimulation, …

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Spicejet scores highest On Time Performance at Delhi

Low cost carrier SpiceJet has maintained the highest on time performance (OTP) of all the domestic carriers operating from Delhi Airport in the month of December. Winter usually sees many delays and diversions in the smog of the capital – SpiceJet has posted the highest OTP at the metro for the last three months. Coming in the second slot was …

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Spicejet’s new TV commercials promote hot food and SpiceMAX service

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

Budget carrier Spicejet is preparing to launch a fresh television advertising initiative focussed on their hot food and premium economy type SpiceMAX service. Arch rival IndiGo does not provide hot meals on board its flights, nor does it offer a service comparable to SpiceMAX. The TV commercials focus on the additional leg room offered, hot meals, eliminating queues, using daily …

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SpiceJet’s record profits & turn-around. Fiscal 15-16 results analysis

Spicejet Boeing 737-800WL VT-SGK at New Delhi airport.

SpiceJet has reported its highest ever profit of Rs 407 crores for the financial year ending 31 March 2016. For the quarter ending 31 March 2016, the airline reported a net profit of Rs 73 crores. Strong performance indeed, considering that the airline had reported a loss of Rs 687 crores for the last financial year. Operational performance A look …

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SpiceJet Q3 FY2016 results analysis – record profits on the path of recovery

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

SpiceJet reported its highest ever profit of Rs 238 crores for fiscal year 2015-16, third quarter ending December 31, 2015. With revenues of Rs 1,439 crores, this continues the upward climb for SpiceJet. A phoenix rising Last year during this same period SpiceJet was in turmoil, on the brink of a shut-down with auditors doubting its ability to continue as …

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