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Tag Archives: FY2017

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 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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Jet Airways Q3 FY17 results analysis: challenging times ahead

Jet Airways Boeing 737-800 VT-JGA.

Jet Airways reported its third quarter (ending December 31) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 156.3 crores, the results were much below expectations and point to structural challenges. The results decline was driven by intense competition in the market, consistent fare sales and aggressive capacity addition – all of which added to …

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Analysis: IndiGo Q3FY17 results highlight challenging environment

Indigo Airbus A320neo VT-ITC. Copyrighted image. Re-use prohibited.

IndiGo reported its third quarter (ending December 31) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 487.3 crores, the results yet again failed to meet analysts’ expectations. As reported earlier, intense competition in the market, consistent fare sales and aggressive capacity addition have added to the revenue pressures. Key numbers Total revenue: Rs 5,158 …

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Indigo Q2 fiscal 2017 results analysis – Capacity affects yields and profits

IndiGo first A320neo VT-ITC touches down at New Delhi's IGI airport after a non-stop flight from Toulouse, France

IndiGo reported its second quarter (ending September 30) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 139.8 crores, the results yet again failed to meet analysts’ expectations. As reported earlier, intense competition in the market, consistent fare sales and aggressive capacity addition have added to the revenue pressures. Key numbers Passenger Revenue – Rs. …

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Jet Airways Q1 FY2017 results analysis – headwinds and turbulence likely

Jet Airways Boeing 777-300ER VT-JEG performing flight 9W117 from London approaches Mumbai airport

Jet Airways reported results on August 12th with a net profit of Rs 103.1 crores on revenues of Rs 5,112 crores for the first quarter of fiscal year 2016-17 (FY17). The results indicate several challenges and highlights are as below: Operational performance The quarter saw an overall capacity increase of 3.8% compared to the same quarter last year, when measured …

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Indigo first quarter FY2017 results analysis – profitable but challenges loom

Indigo Airbus A320neo VT-ITC. Copyrighted image. Re-use prohibited.

India’s largest domestic airline IndiGo, reported its first quarter results for the FY2017. With earnings of Rs 591.8 crores, the results yet again failed to meet analysts’ expectations bringing down its stock price from Rs 994.9 on August 1, to Rs 865.2 on August 3, 2016. Capacity increase outpacing passenger volumes impacting operational performance For the first quarter of fiscal …

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