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AirAsia India's anniversary bonanza: You can book domestic flights at Rs 899, international at Rs 3,399

Jun 13, 2016

AirAsia India's anniversary bonanza: You can book domestic flights at Rs 899, international at Rs 3,399

In view of this, the company has said it will be offering fares starting at Rs 899 for its flights to Bengaluru, Jaipur, Kochi, New Delhi, Pune among other domestic destinations #Low-cost carrier #AirAsia India #low fare offer
Decoding negative net worth: IndiGo paid about 80% of its profit as dividend to promoters

Oct 20, 2015

Decoding negative net worth: IndiGo paid about 80% of its profit as dividend to promoters

The second interesting fact one can gather from the RHP is as of June 30, the airline had Rs 3,912.375 crore debt on its books, down slightly from Rs 3926.16 crore at the end of fiscal 2015 #IPO #IndiGo #Low-cost carrier #net profit #Red herring prospectus #dividend payout #InterGlobe #LCC #negative net worth #RHP
'oneworld' alliance open to partner Indian airline: CEO

Jun 08, 2015

'oneworld' alliance open to partner Indian airline: CEO

Incidentally, Ashby, who has worked with several major US airlines, was also the first CEO of IndiGo, a position which he held for about four years. #Business #air india #Jet Airways #NewsTracker #Aviation #IATA #IndiGo #Low-cost carrier #Star Alliance #British Airways #Japan Airlines #Etihad Airways #Oneworld #Cathay Pacific #Srilankan
Delhi off AirAsia radar for now on uncertainties, break-even likely by May-June

Feb 04, 2015

Delhi off AirAsia radar for now on uncertainties, break-even likely by May-June

Chandilya admitted that the break-even deadline was pushed back owing to various external factors, but did not elaborate #Low-cost carrier #AirAsia #break even
Rs 1,500 cr not enough for SpiceJet: Ajay Singh may bank on trusted insiders

Jan 19, 2015

Rs 1,500 cr not enough for SpiceJet: Ajay Singh may bank on trusted insiders

Ajay Singh and his band of investors, making sweeping management changes to steer the airline out of its current morass. These changes may not be immediate but will happen never the less. A source said an airline veteran, who has worked with Singh in his earlier stint which ended in 2010 when he sold off his stake to the Marans, may be elevated to head operations. #Airline #Aviation #Marans #SpiceJet #Low-cost carrier #Ajay Singh #capital infustion
Discount sales pay off? SpiceJet cuts losses in Q2 to Rs 310 crore

Nov 15, 2014

Discount sales pay off? SpiceJet cuts losses in Q2 to Rs 310 crore

SpiceJet has been discounting ticket prices, trimming costs and reducing the size of its fleet in the last few months #SpiceJet #Low-cost carrier #Earnings #Net loss #discount sales
Dumping JetLite won't be enough, Jet Airways has to cut costs to survive

Nov 06, 2014

Dumping JetLite won't be enough, Jet Airways has to cut costs to survive

Unless Jet Airways gets its cost structure closer to a low cost carrier while continuing to offer premium services, abandoning low cost carrier JetLite won't be enough. #India #Jet Airways #Low-cost carrier #JetLite #Naresh Goyal #Etihad #Vistara #full service carrier
SpiceJet shares jump 13% on June quarter operating profit

Aug 18, 2014

SpiceJet shares jump 13% on June quarter operating profit

Last week, SpiceJet reported a net loss of Rs 124.10 crore for the three months ended June, mainly bogged down by higher expenses. The no-frills carrier had a net profit of Rs 50.56 crore in the year-ago period.
#India #Boeing #Aviation #SpiceJet #Low-cost carrier #DGCA #aircraft #Singapore Airlines #Emirates #audit #LCC #going concern #scrap parts
SpiceJet COO looking to cut costs, big and small, starting with crews' 'weekend uniform'

Aug 17, 2014

SpiceJet COO looking to cut costs, big and small, starting with crews' 'weekend uniform'

Though SpiceJet improved its operational performance, one-time expenses spoiled the party. It had declared a five fold higher net loss for FY14 at Rs 1003 crore earlier. #India #Boeing #Aviation #SpiceJet #Low-cost carrier #DGCA #aircraft #Singapore Airlines #Emirates #audit #LCC #going concern #scrap parts