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Jet Airways reported results for the first quarter (Q1) of the fiscal year 2017-18 (FY2018 or FY18) yesterday. The results were a mixed bag and showed both areas of improvement and concern. Bangalore Aviation presents an analysis by an external industry professional as the editor of the site owns shares in the airline. The external analyst prefers to remain anonymous. …
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An analysis by Bangalore Aviation of a report by website Routesonline shows New Delhi Bangalore is the lowest cost route among the world’s ‘Top 20’ busiest routes for July 2017. Delhi Bangalore most economical The New Delhi Bengaluru route cost an average base fare of ₹4,830 (approx $75.31) or ₹2.84 per kilometre for the 1,703 kilometre distance between the two …
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The Ministry of Civil Aviation recently announced revisions to the Regional Connectivity Scheme better known as UDAN (Ude Desh ka Aam Nagarik). The revisions and other industry developments show that the scheme has failed to takeoff. This is also reflects the hurried way in which the scheme was put out and the lack of consensus building and consultation. As a …
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A report in the Aviation Network News and Analysis site (ANNA), shows India’s IndiGo as the largest single low cost carrier in Asia. Using data sourced from the Official Airline Guide, ANNA reports, IndiGo grew 14.4% compared to last year, to 35.11 million departing seats in the Summer 2017 schedule. It jumped ahead of Indonesia’s Lion Air which grew 8.8% …
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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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India’s largest domestic carrier, IndiGo, reported its first quarter results of the fiscal year 2017-2018 (Q1FY18) yesterday. It was a strong result but perhaps what was different this time, were details on its fleet, international expansion plans and strategic direction, the airline shared. Bangalore Aviation is the first to report on and analyse these comprehensive issues. IndiGo Q1FY18 results snapshot …
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Indigo’s analyst call on 6th July was scheduled to allay investor concerns about the new direction the airline was taking after submitting the unsolicited bid for Air India. One of the founders admitted, that without numbers, it was like “going to a corporate board meeting in a swim suit” and we wholeheartedly agree. If anything it added to the confusion …
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Just as the cabinet decision for Air India was approved, the unsolicited bid by Indigo caught the entire airline industry by surprise. The surprise factor is perhaps best highlighted by the stock price which took a beating and fell on average by 8% in the two days following the announcement. However, the bid represents a very smart and planned move …
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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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Earlier this month, on the 9th of May, India’s largest domestic airline Indigo, announced that they had signed a term-sheet with French turbo-prop airframer ATR, for the induction of 50 ATR72-600 regional aircraft. The announcement caught the aviation and investment community completely by surprise. Since its inception 12 years ago in 2005, IndiGo had slavishly adhered to the “one airframe …
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5 bidders were awarded routes under th;e regional connectivity scheme called UDAN and announced this Thursday. The selected bidders were SpiceJet Alliance Air TruJet Air Odisha Air Deccan These airlines collectively are scheduled to fly 128 RCS routes connecting the North, South, East and West parts of the countries with unserved and underserved cities. Bangalore Aviation has been looking at …
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Indigo by any standard is a phenomenal success story. Starting out as the third player (after GoAir and SpiceJet) in 2005, it has captured a marketshare that is likely to cross 45% soon. Bangalore Aviation presents analysis on the company and where it will likely head: Capacity growth Indigo FY13 FY14 FY15 FY16 FY17E Fleet growth Base 17% 22% 14% …
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A brief submitted to aviation regulator Directorate General of Civil Aviation (DGCA) confirms Bangalore Aviation’s earlier analysis on the ongoing challenges with the Pratt & Whitney PW1100 G-JM Geared Turbo Fan (GTF) engines which power the Airbus A320NEOs of Lufthansa, IndiGo and Go Airlines. Problems with PW1000G GTF engine The brief, which was reviewed by Bangalore Aviation, traces problems to …
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[bsu_note note_color=”#affbcd” text_color=”#070707″ radius=”4″]This analysis is jointly written by (an) external aviation professional(s) and Bangalore Aviation team. The views expressed may not fully reflect those of Bangalore Aviation. The analyst(s) remain anonymous as they are not authorised to place their views publicly.[/bsu_note] Media reports inform that regional carrier AirCosta has halted operations due to a cash crunch. The aircraft lessor …
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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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Jet Airways reported its third quarter (ending December 31) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 156.3 crores, the results were much below expectations and point to structural challenges. The results decline was driven by intense competition in the market, consistent fare sales and aggressive capacity addition – all of which added to …
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IndiGo reported its third quarter (ending December 31) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 487.3 crores, the results yet again failed to meet analysts’ expectations. As reported earlier, intense competition in the market, consistent fare sales and aggressive capacity addition have added to the revenue pressures. Key numbers Total revenue: Rs 5,158 …
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2016 was a bumper year for Indian aviation. The country missed the 100 million (10 crore) passenger mark by a whisker, coming in a 99.88 million. The growth though appears at the cost of yields and Indian carriers can absorb this as long as oil prices remain at their low levels. 2016 also saw the birth of Air Carnival and …
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The on-going issues of the Pratt & Whitney PurePower PW1100 G-JM Geared Turbo-Fan (GTF) engine fitted on the Airbus A320neo (New Engine Option) are well known. Original launch customer Qatar Airways has refused to take delivery of the new variant citing these problems. The GTF engine has been inducted in to the fleets of Indian carriers, first with market leader …
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IndiGo reported its second quarter (ending September 30) results for the fiscal year ending March 31 2017 (FY2017). With earnings of Rs 139.8 crores, the results yet again failed to meet analysts’ expectations. As reported earlier, intense competition in the market, consistent fare sales and aggressive capacity addition have added to the revenue pressures. Key numbers Passenger Revenue – Rs. …
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Bangalore Aviation News, Reviews, Analysis and opinions of Indian Aviation