Low cost carrier SpiceJet has launched a training center called the Spice Star Academy. The academy will offer students cabin crew training through a six month classroom program and a online course for a Bachelor of Business Administration degree from Amity University. The airline has stated it will offer placement to all students trained under this program. Spicejet is planning …
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Low cost carrier Spicejet has announced that it will restart operations to Hubli. The airline will operate flights to Hubli from Bangalore, Mumbai, Chennai and Hyderabad. The flights from Chennai and Hyderabad will be under the UDAN regional connectivity scheme and will make Hubli Spicejet’s fifth destination under the scheme. The airline stopped it’s operations to Hubli after a crash …
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Spicejet’s results for the first quarter of fiscal year 2017-18 were a mixed bag, and we find several items of concern. Bangalore Aviation presents an analysis of the numbers: Results snapshot (all figures in Indian Rupees) Revenues 2,068 crores Costs 1,714 crores EBITDAR 479 crores Profit before tax 177 crores Profit after tax 178 crores Revenue per available seat kilometre …
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Spicejet reported the fourth quarter of fiscal year 2016-2017 results on June 3, 2017, a Saturday, not a working day for the financial markets. The timing of the results announcement was as interesting as the results themselves. Overall, the results were below analyst expectations and are reflective of the intensely competitive fare and capacity environment in Indian aviation. Key financial …
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Gurugram based low fare carrier SpiceJet is the first airline to use the new electronic board gates at the Kempegowda airport in Bangalore. Spicejet’s departure control system is integrated with the e-Gates and allows passengers to board by self scanning their boarding passes, whether on paper, mobile, or smart watches. The system verifies the pass, and opens the gate is …
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Spicejet reported its third quarter (ending December 31) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 181.1 crores, the results were below expectations. As was the case with its competitors, consistent fare sales and aggressive capacity addition added to the revenue pressure but as SpiceJet usually leads in the fare sales and demand stimulation, …
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Indian low fare carrier, Spicejet, has signed a record order with Chicago USA based Boeing for 100 737 MAX 8s thus signalling its resurgence from a near collapse two years ago. The carrier already has a firm order for 55 737 MAX 8s, and it has purchased options for up to 50 additional Boeing aircraft including wide-bodies, which are suspected …
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Low cost carrier SpiceJet has maintained the highest on time performance (OTP) of all the domestic carriers operating from Delhi Airport in the month of December. Winter usually sees many delays and diversions in the smog of the capital – SpiceJet has posted the highest OTP at the metro for the last three months. Coming in the second slot was …
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SpiceJetJet reported numbers for the first quarter and the earnings did not disappoint. For the quarter ending 30 June 2016, the airline reported a net profit of INR 149 crores with the same fleet as the previous quarter. The impact on the share prices was almost immediate with almost a 20% rise to INR 67.7 per share. An analysis of …
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Budget carrier Spicejet is preparing to launch a fresh television advertising initiative focussed on their hot food and premium economy type SpiceMAX service. Arch rival IndiGo does not provide hot meals on board its flights, nor does it offer a service comparable to SpiceMAX. The TV commercials focus on the additional leg room offered, hot meals, eliminating queues, using daily …
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SpiceJet has reported its highest ever profit of Rs 407 crores for the financial year ending 31 March 2016. For the quarter ending 31 March 2016, the airline reported a net profit of Rs 73 crores. Strong performance indeed, considering that the airline had reported a loss of Rs 687 crores for the last financial year. Operational performance A look …
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SpiceJet reported its highest ever profit of Rs 238 crores for fiscal year 2015-16, third quarter ending December 31, 2015. With revenues of Rs 1,439 crores, this continues the upward climb for SpiceJet. A phoenix rising Last year during this same period SpiceJet was in turmoil, on the brink of a shut-down with auditors doubting its ability to continue as …
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Gurgaon based low fare carrier SpiceJet has increased its frequencies on certain south India routes, and on its Delhi Kabul route. The carrier will increase frequency on the Kabul route to five times a week, from the existing three a week from February 8, 2016. The airline has also added additional flights on its Chennai Hyderabad, Chennai Kochi, Bangalore Vijayawada, …
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Low cost carrier SpiceJet announced the addition of three new flights and 137 new connections to its current network. All of these new flights and connections are between cities currently served by the airline. The new flights being added effective 29 August 2015 are Delhi: 1. Guwahati – Agartala vv (daily) 2. Bengaluru – Kolkata – Guwahati vv (daily) 3. …
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National carrier Qatar Airways has issued a statement denying any interest in picking up a stake in Gurgaon based SpiceJet. The middle-eastern carrier says This release is to confirm that Qatar Airways is not in talks to pursue a commercial stake in SpiceJet. There is no interest from the airline to engage in a partnership with the Gurgaon-based airline. Qatar …
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Gurgaon based low fare carrier SpiceJet has made a remarkable comeback from its financial troubles just a little over seven months back. The airline has reported a net profit of Rs 71.8 crore (Rs 718 million) for the first quarter of fiscal year 2015-2016. This is the highest profit for the first quarter ever reported by the airline and the …
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Low cost carrier Spicejet, has launched an Equated Monthly Installment (EMI) scheme called ‘Book Now, Pay Later’. The scheme allows passengers to save up to 70% interest on deferred/delayed payment interest costs relative to traditional credit card fees and is valid on credit cards of Axis Bank, HSBC Bank, Kotak Bank, and Standard Chartered Bank which are issued in India. …
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Bangalore Aviation has produced a set of graphics which provide significant insight in the domestic operating performance of Indian carriers for the last 12 months. The source data is obtained from India’s regulator The Directorate General of Civil Aviation. On time performance One of the key selling points of IndiGo, India’s largest domestic airline, is, on time performance (OTP). As …
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Low fare carrier SpiceJet commenced its second decade by unveiling a sexy new look branded “red, hot, spicy”. A new 3-D logo inspired by the mobile app world will replace the traditional 2-D one. The new 3-D logo, slogan, and posters and advertising comes at a time when Ajay Singh has taken over the airline. The new slogan puts the …
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Disasters bring out the best in people, and Indian airlines are no exception. Following the deadly earthquake in Nepal, all four Indian carriers operating to Kathmandu, Air India, IndiGo, Jet Airways and SpiceJet, are putting their best feet (or wings) forward, and pitching in to support the aid efforts directed towards the stricken Himalayan nation. Additional flights Indian carriers were …
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Bangalore Aviation News, Reviews, Analysis and opinions of Indian Aviation