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SpiceJet expects LCCs to capture three quarters of domestic market in five years

9-Sep-2010

SpiceJet Director and interim CEO, Kishore Gupta, stated he expects Indian LCCs to "capture three-fourths" of the price-sensitive domestic market in the next five years, as LCCs expand aggressively while their full-service counterparts take a more cautious approach to capacity, as they focus on minimising losses and improving profitability. [1351 words]

Unlock the following content in this report:

Subheadings:

  • India’s LCCs to almost double domestic fleet in next 17 months
  • India's domestic airlines plan fewer flights in winter 2010
  • Government clears SpiceJet, IndiGo and JetLite aircraft orders
  • GoAir seeks to bring forward A320 deliveries
  • Airline shares strong; SpiceJet and Jet shares highest since Jan-2008
  • Outlook: Indian airline landscape continues to transform

Graphs and data:

  • Indian domestic passenger traffic: Jul-2010
  • Indian domestic carriers’ winter schedule requests
  • India’s current and future fleet: as at Sep-2010
  • LCC fleet approvals
  • Jet Airways, SpiceJet and Kingfisher share price movements (04-Jan-2010 = 1): 04-Jan-2010 to 06-Sep-2010
  • Indian domestic LCC capacity share: 2001 to 2009
  • Indian international LCC capacity share: 2001 to 2009
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