Page 5 - Spicejet

SpiceJet's Q2 net loss widens to Rs 562 cr; total income rises 19%

Budget carrier SpiceJet on Friday reported widening of net loss to Rs 561.7 crore for the quarter ended September 2021. It incurred a net loss of Rs 112.6 crore in the corresponding period of the previous financial year. Total income was Rs 1,538.6 crore in the second quarter of 2021-22. It was Rs 1,292.9 crore in the year-ago period, the company said in release. Total expenses increased to Rs 2,100.4 crore in the period under review from Rs 1,405.6 crore in the second quarter of 2020-21. The airline had incurred a net loss of Rs 729 crore in the first quarter of the current financial year. "With the nationwide vaccination drive growing at an unprecedented pace across geographies, there is a significant jump in travel demand and we are very excited about the demand recovery," Ajay Singh, Chairman and Managing Director, SpiceJet, said. "The settlement with key lessors, the return of the 737 MAX in the current quarter (Q3), transfer of the logistics business and some very signific

SpiceJet seeks to widen customer base with a book-now-pay-later scheme

Ties up with fintech company Capital Float to enable customers to pay for their tickets in instalments

SpiceJet allows passengers to pay for tickets in 3, 6, or 12 instalments

Passengers do not have to provide any credit card or debit card details to avail the EMI scheme

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Aircraft leasing companies hit tax air pocket over SpiceJet dues

Unable to repossess aircraft they had leased to low-cost airline as tax authorities resist efforts

CRISIL withdraws SpiceJet rating; firm in non-cooperating category

SpiceJet terminated the contract with CRISIL after the rating firm had downgraded the company's bank loan facilities on July 7 citing deterioration in liquidity profile

CRISIL Ratings withdraws Spicejet rating on 'non-cooperation'

The ratings agency has withdrawn the rating of Spicejet and put it under "non-cooperative" category

Section of SpiceJet employees go on strike at Delhi airport over salaries

On Monday, employees, most of whom work at the aircraft maintenance department, went on strike outside Terminal 3 of the Delhi airport: Report

Budget carrier SpiceJet will launch 28 new domestic flights from Oct 31

Budget carrier SpiceJet on Monday said it will launch 28 new domestic flights from October 31.

SpiceJet announces launch of 28 new domestic flights

SpiceJet will launch 28 new domestic flights across the country from October 31 onwards, the airline said Monday. It will launch multiple new non-stop flights connecting the tourist hotspots of Jaipur, Jaisalmer, Jodhpur and Udaipur in Rajasthan with key metros and cities as part of its new winter schedule, SpiceJet said in a statement. SpiceJet will also connect Bagdogra with Ahmedabad, Kolkata with Srinagar and add two new flights on the Bengaluru-Pune sector, it said. The government had on October 12 allowed airlines to operate domestic flights without any capacity restriction from October 18. When the government resumed the scheduled domestic flights on May 25 last year after a two-month break, the ministry allowed the carriers to operate not more than 33 per cent of their pre-Covid services. This cap was gradually increased to up to 85 per cent till September this year.

SpiceJet to commence flight operations to Kushinagar airport from Nov 26

SpiceJet will commence flight operations to the just-inagurated Kushinagar airport in Uttar Pradesh from November 26. The airport was inaugurated by Prime Minister Narendra Modi on Wednesday

Aviation minister Scindia flags off SpiceJet's Delhi-Tirupati flight

Civil Aviation Minister Jyotiraditya Scindia virtually flagged off SpiceJet's flight on the Delhi-Tirupati route on Sunday, the airline said. The airline will operate the flight three times a week till October 31, according to its statement. From October 31, the flight on the Delhi-Tirupati route will be operated four times a week, it mentioned. The airline already connects Tirupati with Hyderabad and Pune on its network, it stated.

DGCA temporarily suspends SpiceJet's licence to carry dangerous goods

The suspension is for 30 days, and during this period, SpiceJet will not be allowed to carry dangerous goods, including lithium-ion batteries

After Air India privatisation, aviation set to be 2nd most concentrated mkt

The top two players will control 80% of industry revenue

SpiceJet revamps website with latest technology, improved features

It said the new website is designed to facilitate quick changes, making fast introduction of new products and offers to the customers.

What could work and what needn't for Rakesh Jhunjhunwala's airline venture

It's a bold bet by Jhunjhunwala, in a market that has seen some airlines collapse in the face of intense fare wars and high costs. Here's all you need to know about the new airline

Air India disinvestment: Privatisation-bound BPCL, SCI can rally up to 15%

SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level

Higher competitive pressures to weigh on IndiGo, SpiceJet

Tata's Air India win, new entrants could lead to pricing war: Experts

Salary issues resolved; cases by lessors don't help anyone: SpiceJet chief

The court cases filed by aircraft lessors to recover their dues don't assist anybody very much and all such disputes eventually end in settlements, SpiceJet CMD Ajay Singh said

SpiceJet's Ajay Singh plans fleet expansion as carrier nears break-even

SpiceJet chairman Ajay Singh expects his cargo business to reach $1 billion in revenue in two to three years.