Improved 2QFY2011 financial results and outlooks for Kingfisher, Jet Airways and SpiceJet
Kingfisher Airlines, Jet Airways and SpiceJet, the three listed Indian carriers, reported improved financial results in the seasonally weaker 2QFY2011 (three months ended 30-Sep-2010) due to what Jet Airways labelled as “buoyancy” in the Indian domestic market, fuelled by faster economic expansion, healthy GDP growth and rising disposable incomes. The outlook is also positive for the carriers in the peak 3QFY2011 period with traffic and yield improvements anticipated which is expected to have a flow on effect on profitability.
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