Recorded at Asia Aviation Summit & LCC Congress
Spicejet COO Update
The Indian market is experiencing signs of growth in late 2014, with its domestic carriers stimulating the market and contributing to an 8-10% increase in traffic volumes. Significantly, also, a number of new carriers have launched, creating greater competitive pressures for LCC SpiceJet, which has suspended capacity expansion, but grown market share as its engages in a restructuring of its business to turn around losses. As the economy recovers, SpiceJet sees potential in capturing a greater portion of not only the major metro markets but also smaller tier cities as income levels and travel demand grows.