SpiceJet swings to loss in 1QFY2011; to commence regional operations in Sep-2011
SpiceJet, India’s second largest LCC, swung to losses at both the net and operating levels in the three months ended 30-Jun-2011 (1QFY2012) amid increasing fuel costs and industry discounting that prevented the LCC from significantly raising fares. The carrier’s decline into the red also reflected the impact of a “sudden spurt in capacity addition combined with irrational competitive pricing by the larger airlines resulted in a challenging operating environment” during the quarter. Meanwhile, the carrier confirmed plans to launch regional operations from Sep-2011 after the central bank approved financing of its Bombardier Q400 aircraft by Export Development Canada.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: email@example.com