07-Mar-2011 4:02 PM
SpiceJet expected to select Hyderabad as a hub
Analysis
India's SpiceJet is reportedly likely to select Hyderabad International Airport as a major regional hub and is in talks with airport operator GHIAL over discounts to landing fees and other charges. The carrier plans to launch regional operations with turboprop equipment from Jul-2011. SpiceJet has 15 Q400s on order. Shares in the carrier were down 3.8% on Friday.
Summary
- SpiceJet is considering Hyderabad International Airport as a major regional hub and is negotiating discounts on landing fees and other charges.
- The airline plans to launch regional operations using turboprop equipment from July 2011.
- SpiceJet has 15 Q400s on order.
- easyJet reported a 13.1% year-on-year increase in passenger numbers in February 2011, with a passenger load factor of 86.4%.
- Allegiant Air saw a 3.0% year-on-year growth in passenger numbers in February 2011, with a passenger load factor of 89.4%.
- Allegiant Air experienced positive revenue growth in both January and estimated February 2011.
easyJet reported the following traffic highlights in Feb-2011:
- Passenger numbers: 3.8 million, +13.1% year-on-year;
- Passenger load factor: 86.4%, +1.1 ppts.
Allegiant Air reported the following traffic highlights in Feb-2011:
- Passenger numbers: 445,476, +3.0% year-on-year;
- Passenger load factor: 89.4%, +1.2 ppts;
- Flights: 3,570, +0.7%;
- Jan-2011:
- Scheduled revenue per ASM: +5.5%;
- Feb-2011*:
- Scheduled revenue per ASM: 13.7% to 14.1%.
*estimated
Selected PEA daily share price movements (% change): 04-Mar-2011
