Tag Archives: SpiceJet

The Q2FY21 results of India’s second-largest low-cost carrier point to the continued fragility of the airline’s financial health driven by large accumulated losses, questionable revenue recognition policy and uncertainty surrounding the resumption of international airline operations currently suspended on account of the pandemic. SpiceJet Q2FY21 results snapshot (in INR) comparisons to Q2FY20 ● Revenues ₹1,305 crores (down by 54%) ● …

After a long delay, India’s second-largest low-cost carrier reported its Q4FY20 results yesterday. Despite strong revenue growth, the airline posted a loss of ₹807 on account of increases in fuel costs, decline of the rupee and the impact of COVID-19 pandemic. The accumulated losses and increase in liabilities have deteriorated the financial health of the airline. SpiceJet Q4FY20 results snapshot …

While passenger air traffic has come to a standstill since the beginning of the lockdown. Cargo movement has become essential for transporting essential and other goods into and across the country. While India has only one domestic cargo-only airline BlueDart (SpiceJet also operates three Boeing 737 freighters under the name SpiceXpress), every passenger flight carries an average of around a …

February 14th saw SpiceJet report its third-quarter results. The airline reported a profit of INR 78.2 crores but we believe the results warrant closer examination. This because of the Boeing 737MAX grounding and the fact that compensation that has been recorded but not yet received by SpiceJet significantly contributed to this result. Additionally, in looking at the operational numbers, it …

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 …

SpiceJet reported their Q1FY20 earnings this Friday. A profit was expected but the quantum of the profit surprised several analysts. The airline reported a net profit of INR 261.7 crore and total income of INR 3,145.3 crore for the quarter ending June 2019 as against a loss of INR 38.1 crore and INR 2,253.3 crore for the corresponding quarter last …

Flying has captured the imagination of the human mind for centuries. Way before the Wright Brothers gave us wings. What was once considered a luxury is now the means to an end for over 8 million people everyday. The advent of Low Cost airlines has stripped flying of its frills and made it even more accessible. Yet, boarding an aircraft …

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 …

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 …

Low-cost carrier SpiceJet will launch two new flights to Bangkok from 17 May 2019. The airline is launching a new route from Mumbai to Bangkok. It will also double its current Delhi – Bangkok with a second daily flight. The airline is attempting to capture market share in the wake of the Jet Airways collapse. It will be adding 27 …

Low cost carrier SpiceJet has announced that it will be leasing six Boeing 737-800s. These aircraft will be in addition to the previously announced 16 737s and 5 Q400s that the airline announced that it will be inducting. The airline has applied to the DGCA to import these aircraft and plan to induct the aircraft in the next 10 days. …

Low-cost carrier SpiceJet has announced that it will add five additional 90-seater Bombardier Q400s to its fleet. Three of the aircraft will join the fleet in the next 10 days while the remaining will be inducted in June. SpiceJet was the launch customer of the 90-seat Q400. The airline placed an order for 50 of the type back in September …

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 …

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 …

The island nation of Singapore has become the tenth in the list to ground the Boeing 737 MAX 8 aircraft, following the crash of Ethiopian Airlines flight ET302 on March 10, 2019. Countries or airlines across the globe are grounding the aircraft as a precautionary measure till a determination can be made. The MAX is the new re-engined version of …

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 …

SpiceJet, reported its third quarter results of the fiscal year 2018-19 (FY19) this Monday. There were mixed views on the performance. While a profit of 55.1 crores is definitely good news, when compared to the same period last year the profit declined by 77%. Performance also cannot be cited as definitive as this came during the strongest quarter of the …

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 …

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 …