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Tag Archives: SpiceJet

Kingfisher Airlines de-registers four A320s but Airbus delivers four aircraft as slowdown continues in India

March continued the gloomy news for the domestic airline industry in India, with a decline. For the month of March 2009 domestic passenger count stood at 3.15 million down from 3.32 million in February and 3.31 million in January. Despite Kingfisher airlines continuing to be the largest domestic airline in India with almost 27% market share in March and 27.27% …

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Boeing in a better position than Airbus as Indian airlines slash aircraft deliveries

2008 was the year reality struck home in the Indian airline industry. One whiff of the downturn exposed the lack of robust business planning, and abundance of financial vulnerability of Indian carriers, leaving all of them battered and bruised, some more than others. We saw mass-scale defaulting on payments by carriers in India to everyone from airports to aircraft manufacturers. …

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SpiceJet announces new flights in Summer schedule

SpiceJet today announced its new schedule for summer 2009, effective March 29, 2009. Four new flights have been added to take the number of flights to 119 daily. In addition to the current Bangalore Ahmedabad (via Mumbai), a new direct flight connecting the two cities is added. Ahmedabad also gets a very convenient evening flight departing 18.35 to Mumbai and …

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SpiceJet wins national award for cost management

In my recent interview with SpiceJet CEO Sanjay Aggarwal, he highlighted some of the innovative cost cutting methods adopted at SpiceJet. These methods have won SpiceJet the coveted Institute of Cost and Works Accountants of India (ICWAI) award for Excellence in Cost Management. It is the only airline to win this award. A distinguished jury of eminent persons from industry, …

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How SpiceJet is succeeding during the Indian airline meltdown: An interview with Sanjay Aggarwal, CEO – Part 2

….. Continued from yesterday. Read the first part. FinancialsFor the third quarter ended December 31, 2008, SpiceJet declared a profit of Rs. 19.48 million. In today’s economic meltdown, any profit is welcome. The financial statements have an explanation for a one time charge of Rs. 187.82 million. The Company entered into a Memorandum of Settlement (MoS) on November 26, 2008 …

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How SpiceJet is succeeding during the Indian airline meltdown: An interview with Sanjay Aggarwal, CEO – Part 1

SpiceJet has been quietly adjusting to the global meltdown in the airline industry and focussing on its profitability. With gentle yet deliberate steps it has built back its financial strength, and is now poised to benefit from the consolidation wave sweeping the industry. Something, its full service counterparts like Air India, Jet Airways and Kingfisher Airlines are struggling to achieve. …

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Expense analysis: Kingfisher Airlines vs. Jet Airways vs. SpiceJet

Jet Airways, Kingfisher Airlines and SpiceJet are the only three publicly listed airlines in India, and are required to release their quarterly results. Using the results of the third quarter which ended December 31, 2008, I compiled three graphs to analyse their expenses. Depreciation and interest is included as part of expenses and other income is included as part of …

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SpiceJet and IndiGo offer special low fares

SpiceJet has announced the return of its successful promotion scheme “Book for 2 pay for 1”. This scheme is valid for bookings made from March 4 to 6, 2009 and only for bookings made through the SpiceJet website. There are conditions attached to this scheme. SpiceJet in a bid to compete in the business segment with fellow low cost carrier …

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Fine Strokes – the rise of IndiGo airlines

Over the last year, IndiGo has been on a steady march, taking an increasing share of the Indian passenger market. While most of its competitors contracted during the torrid 2008, IndiGo and fellow value carrier SpiceJet, have gained in actual passenger numbers. The secret to IndiGo’s success ? Read this article “Fine Strokes” by Business Standard.

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GoAir joins low fare fight with IndiGo and SpiceJet

The Mint is reporting that GoAir recently started offering uniform fares, inclusive of surcharges and other taxes, for purchases made 21 days in advance. For short sectors, defined as less than 750 kms travel distance, the airline will charge Rs 1,700 a ticket and Rs 2,700 for distances greater than 750 kms. According to the company statement, in effect a …

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SpiceJet re-starts Kochi services

SpiceJet has announced the re-launch of its services to Kochi, from New Delhi and Mumbai, from December 15. The starting fare will be Rs.1,350 (Kochi-Delhi/Delhi-Kochi) and Rs.750 (Kochi-Mumbai/Mumbai-Kochi). The seats are available for immediate booking. The SpiceJet call center numbers are 1800 180 3333/987 180 3333. Flight SG 101 will start from New Delhi at 6 a.m. and reach Kochi …

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Major goof, SpiceJet lands on closed runway

This incident reported by the Times of India Kolkata takes the cake for serious goof-ups. Monday December 1, 2008 Time: 14:44 local (0914 Zulu). SpiceJet Bagdogra-Kolkata flight SG 324 is approaching Kolkata airport for landing. The pilot radios the air traffic controller on duty for clearance. The controller asks the pilot to align the aircraft to land on the secondary …

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