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SpiceJet posts record Rs. 559 crore loss in Q2 FY2014. Needs urgent capital infusion.
by Devesh Agarwal Gurgaon based low fare carrier SpiceJet Ltd., continued the record of disastrous performance in the Indian airline industry when it announced a record Rs. 559 crore loss for the second quarter, ended September 30, of the fiscal year 2013~2014. This compared to the Rs. 163.5 crore loss from the same quarter last fiscal, and a Rs. 50.5 …
Read More »Dubai International’s passenger traffic up 13.1 per cent in September
By BA Staff Courtesy of Wikipedia Passenger traffic at Dubai International, the world’s second busiest airport for international passengers, rose 13.1 per cent in September, according to the latest traffic statistics issued yesterday by operator Dubai Airports. Passenger traffic in September totaled 5,407,326, an increase of 13.1 per cent compared to 4,780,394 during the corresponding month in 2012. Year to …
Read More »SpiceJet announces Madurai-Dubai service
By BA Staff SpiceJet will begin a daily direct flight between Madurai and Dubai from November 22nd, 2013 utilising an all economy class 189 seat Boeing 737-800. Booking of tickets on this route is now open. Flight SG023 will depart Madurai 23:35 and arrive Dubai 02:20 the next morning. The return flight SG024 will depart Dubai at 03:50 and arrive …
Read More »SpiceJet to launch Bangalore – Bangkok flights
by Devesh Agarwal Delhi based low fare carrier SpiceJet will commence international flights from Bangalore on October 28. The first destination is Bangkok with four flights per week. The carrier will be the only Indian carrier to service this route. As per the SpiceJet website on which tickets which are available for purchase, the schedule is on Mondays, Wednesdays, Fridays, …
Read More »Analysis: SpiceJet to launch Delhi-Macau
by Vinay Bhaskara A report in the Macau Business Daily states that Gurgaon based low cost carrier (LCC) SpiceJet is planning on launching nonstop flights between Delhi and Macau. SpiceJet has already won approval from the Indian government to launch Delhi-Macau, likely using Boeing 737 equipment. But it has not yet filed for approval from the Macau government. A Macau …
Read More »New Boeing 737-800s of SpiceJet and Jet Airways delivered
by Devesh Agarwal US airplane manufacturer Boeing has delivered to two Indian airlines, SpiceJet and Jet Airways, their newest 737-800NG aircraft. Last Thursday, VT-SZH of SpiceJet, L/N 4573 C/N 41261 B737-86N departed Boeing Field International airport for India via Gander, Newfoundland, Canada. The aircraft has already landed in New Delhi and completing its customs and aviation paperwork formalities to enter …
Read More »SpiceJet to commence Pune Sharjah flights
by Vinay Bhaskara New Delhi-based low fare carrier SpiceJet, is launching direct flights between Pune and Sharjah from September 21, 2013. The airline will deploy its Boeing 737-800 which seats 189 passengers in a single class configuration. SG051 departs Pune 22:30 on Mondays, Wednesday, Thursday, Saturdays and arrives Sharjah 00:25+1SG052 departs Sharjah 01:25 on Tuesdays, Thursdays, Fridays, Sundays and arrives …
Read More »SpiceJet to commence Ahmedabad to Muscat service
Low cost carrier, SpiceJet, will commence a thrice a week service on the Muscat-Ahmedabad route from August 29, 2013. The airline will deploy its 189 seat Boeing 737-800 New Generation aircraft. Muscat, the capital of Oman, will be the ninth international destination to be served by SpiceJet. The airline is offering an introductory fare of just Rs 5,999/- one way …
Read More »Spicejet CEO Neil Mills resigns for personal reasons
India’s only publicly listed low fare carrier, SpiceJet Ltd., faced turbulence in the stock market after newspapers reported the resignation of its Chief Executive Officer Neil Mills. The stock price of the Kalanithi Maran controlled airline fell as low as Rs. 26.50, its lowest price since June 27. Mills joined the airline in October 2010 from flyDubai. While there is …
Read More »Opinion: Air India pilots should not resort to scare tactics
by Devesh Agarwal The Indian Commercial Pilots Association (ICPA) of the erstwhile Indian Airlines, who fly the narrow body A320 family fleet of national carrier Air India is resorting to scare tactics accusing the airline “of arbitrarily changing the flight operating procedures for narrow-body A320 aircraft, affecting flight safety.” The issue revolves around the carrier’s decision to reduce the acceleration …
Read More »Vested interests shaping government policy helped AirAsia partner Tatas too
Aviation insiders have known for many years what AirAsia boss Tony Fernandes dared publicly state the day before yesterday, after his meeting with civil aviation minister Ajit Singh. Vested interests have shaped, nay, distorted Indian civil aviation policy. One of the more shameful rules of Indian civil aviation is the policy of allowing Indian carriers to operate international flights only …
Read More »Three-way analysis: How does Emirates respond to Jetihad?
By Oussama Salah, Vinay Bhaskara, and Devesh Agarwal Photo copyright Devesh Agarwal The Indian government often makes curious decisions in setting aviation policy. For example, it encouraged Air India to lower prices to gain market share, causing mayhem in the market place and increasing Air India’s losses. It also recently allowed Air Asia to expand in India by approving a …
Read More »INFOGRAPHIC: Airline-wise share of international passenger traffic, to and from India, 2011 to 2012
Based on a report in The Economic Times we have prepared this infographic showing the airlines’ market share of international passenger traffic to and from India during fiscal 2011~2012. The chart throws up some surprises. SriLankan Airlines and Oman Air feature on this list, but Singapore Airlines does not. Hard to accept? and where is AirAsia? Share your thoughts via …
Read More »Analysis: Strong first quarter for Etihad bodes well for Jetihad deal
by Vinay Bhaskara Abu Dhabi based full service carrier Etihad Airways reported record results for the first quarter of 2013. Revenues grew a whopping 18.7% year over year to $900 million, up from $758 million in Q1 of 2012. In its 10th year of operations, Etihad also saw cargo revenues grow 17% to $193 million. Passenger figures also reached a …
Read More »AirAsia, Tatas and Amit Bhatia seek approval to start airline in India. Is SpiceJet the target?
by Devesh Agarwal Malaysian low cost carrier AirAsia Berhad (Ltd.) through its investment arm, AirAsia Investment Ltd. (AAIL) has submitted an application to the Indian Foreign Investment Promotion Board (FIPB) seeking approval for AAIL to invest 49% into a proposed Indian joint venture together with Tata Sons Limited and Mr. Arun Bhatia of Telestra Tradeplace Pvt. Ltd. The expected holding …
Read More »Jet Airways site says they halved ticket pices in a sale, but we cannot find the savings
by Devesh Agarwal Experience India’s biggest air ticket sale with 20 lakh seats on over 450 daily flights across 57 cities within India. Lofares on Jet Airways and JetKonnect flights starting INR 2,250. is what Jet Airways’ website screams at you as one of the largest Indian carriers launches a mega sale valid till February 24, in which it appears …
Read More »Spicejet reports profit in Q3 FY2013 – Financial and operational analysis
By Vinay Bhaskara and Devesh Agarwal In a result that represents a positive sign for the prospects of the Indian airline industry moving forward, Gurgaon based low cost carrier (LCC) SpiceJet reported a Rs. 102 Crore (US $19 million) net profit for the third quarter of fiscal year 2012-13 (FY 12-13), a sharp improvement from the results in both the …
Read More »IndiGo concentrates Dubai presence with second Mumbai and first Thiruvananthapuram service
by Devesh Agarwal Gurgaon based IndiGo will commence a daily service between Kerala’s capital Thiruvananthapuram (Trivandrum) and Dubai from March 1, 2013. 6E 038 will depart Thiruvananthapuram 18:20 arrive Dubai 21:156E 037 will depart Dubai 11:25 arrive Thiruvananthapuram 17:15 On the same day the carrier will commence its second daily flight between Mumbai and Dubai. 6E 063 will depart Mumbai …
Read More »Qatar Airways not interested in any Indian airline at present
by Devesh Agarwal Doha based Qatar Airways denied any interest in investing in any carrier in India at present. Qatar Airways Chief Executive Officer Akbar Al Baker said “Qatar Airways categorically denies it is interested in investing in Spicejet or any other Indian airline. This is pure speculation by individuals who deliberately want to spread such unfounded rumours to raise …
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