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Tag Archives: Q3

Indigo Q3FY19 results analysis: the fare wars have just begun

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

Indigo Airlines reported its third-quarter results this Wednesday. While the results showed an improving trend compared to the last two quarters with a profit figure of 190 crores, overall the results highlight the core challenges in the Indian market. Key numbers fr Indigo’s third-quarter results: Revenue from Operations: 7916 crores Operating cost: 8038 crores EBITDAR: 1681 crores Net profit: 190 …

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Analysis: Indigo third quarter FY2018 results. A leader in every way.

IndiGo ATR72-600 VT-IYA. Photo by Vedant Agarwal. Copyright. Do not re-use.

India’s largest domestic carrier, IndiGo, reported its third quarter results of the fiscal year 2017-2018 (Q3FY18) last week. The third quarter is the strongest of the fiscal year, and it was a yet another strong result coming on the back of a previously strong quarter. IndiGo Q3FY18 results snapshot with percentage comparisons to Q3FY17 • Revenues ₹6,449 crores (₹64.49 billion) …

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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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Jet Airways Q3FY16 analysis – good results, structural challenges remain

Jet Airways Boeing 737-800 VT-JGA.

Jet Airways reported their highest ever quarterly profits of Rs 467 crores for fiscal 2015-16 third quarter ending December 2015. The key metrics were trending in the right direction; yet, the structural challenges at Jet Airways remain and require close monitoring. Operational performance Operationally, Jet has clocked a utilisation of more than 13 hours, which is phenomenal by any standards, …

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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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Indigo Q3 FY2016 results analysis – flying high but some minor turbulence

IndiGo Airbus A320-232(SL) VT-IFK with Sharklets.

Indigo reported its highest ever earnings of Rs 657 crores for the third quarter ending December 31, 2015 of fiscal year 2015-16 which will end March 31, 2016. With passenger growth of 28% compared to the same period last year, aviation turbine fuel (ATF) prices at an all-time low, and a 20% capacity increase in seats deployed; Indigo had key …

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Jet Airways Q2 FY 2014-2015 results analysis

Jet Airways' Boeing 737-800 VT-JBD

by Ameya Joshi Jet Airways, India’s largest private airline reported its third quarter fiscal year 2014-15 (FY2015) results on February 6, 2015, reporting a wafer thin operating profit after seven consecutive quarters. The airline moved to full service operations in December 2014 and the quarter reflected a mix of full service and low cost operations. Wafer thin profits The airline …

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Air India pays 18x delay compensation of private airlines. To deduct salaries of those responsible.

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

In a bold move national carrier Air India has put errant employees and vendors who delay flights on notice. The airline will deduct salaries of employees and caterers found responsible for delays of flights. The Maharaja which has one of the worst one-time performance (OTP) records amongst Indian carriers, has been instructed by the top bureaucrat in the civil aviation …

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Kingfisher Airlines Q3 FY2012 financial analysis

The past few days have been admittedly brutal for Kingfisher. Whether it was suspending flights entirely from Kolkata, or dealing with a particularly critical journalist, the events that befell Kingfisher stopped just short of catastrophic. The immediate pressure appears to have been relieved by loans from State Bank of India, which will go further onto the hook for Kingfisher to …

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Jet Airways Q3 2012 financial analysis

Once again, we will be beginning our financial analyses for Q3 of FY 2012 with an analysis of India’s largest airline Jet Airways, who posted a modest net loss of Rs. 101.2 Crore, down sharply from a net profit of Rs. 217.9 Crore in the same period last year. Q3 is typically the best quarter for Indian carriers, so to …

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