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Spicejet Ltd (SPJT.BO)

SPJT.BO on Bombay Stock Exchange

136.80INR
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Latest Key Developments (Source: Significant Developments)

Spicejet Says May Passenger Load Factor Stood At 93.9%.
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Spicejet Ltd ::MAY PASSENGER LOAD FACTOR STOOD AT 93.9%.  Full Article

India's Spicejet March Quarter Net Profit Rises
Tuesday, 28 May 2019 

May 28 (Reuters) - Spicejet Ltd ::MARCH QUARTER NET PROFIT 562.9 MILLION RUPEES VERSUS PROFIT OF 461.5 MILLION RUPEES LAST YEAR.QTRLY CAPACITY (IN TERMS OF SEAT KILOMETER) UP BY 21%.MARCH QUARTER REVENUE FROM OPERATIONS 24.78 BILLION RUPEES VERSUS 19.95 BILLION RUPEES LAST YEAR.ADDED 25 AIRCRAFT IN APRIL & MAY 2019; AIRCRAFT FLEET STANDS AT 100 AS ON MAY 28, 2019.35 PLANES TO BE ADDED TO THE FLEET INCREASING TOTAL CAPACITY FOR FY2020 BY 80%.CARGO OPERATIONS TO BE ENHANCED SIGNIFICANTLY DURING FY2020.MARCH QUARTER AVERAGE FARE UP 11%.CHAIRMAN SAYS CONFIDENT OF A "STRONG PERFORMANCE" FOR FY2020.  Full Article

ICRA Says Expect More Hard Times In Near Term For Indian Aviation Industry
Thursday, 11 Apr 2019 

April 11 (Reuters) - ICRA::ICRA SAYS TECHNICAL SNAGS AND FINANCIAL WOES HIT DOMESTIC AVIATION INDUSTRY HARD IN FY2019; EXPECT MORE HARD TIMES IN NEAR TERM.ICRA SAYS DOMESTIC INDUSTRY CAPACITY HAS BEEN IMPACTED OWING TO GROUNDING OF 98 AIRCRAFT.ICRA SAYS DOMESTIC INDUSTRY CAPACITY COULD FURTHER WORSEN IF DGCA ORDERS GROUNDING OF AIRBUS 320 NEO AIRCRAFT FAMILY WITH PRATT & WHITNEY ENGINES.ICRA SAYS AIRCRAFT GROUNDINGS HAVE IMPACTED ABOUT 15 PERCENT OF TOTAL INDUSTRY CAPACITY.ICRA SAYS PASSENGER TRAFFIC GROWTH FOR MARCH 2019 IS EXPECTED TO BE LOWER THAN THAT IN FEBRUARY 2019.ICRA SAYS FLIGHT CANCELLATIONS DUE TO GROUNDINGS RESULTED IN 30-40 PERCENT INCREASE IN AIRFARES OVER SEPTEMBER 2018 TO MARCH 2019.ICRA-WHILE INCREASED FARES LIKELY TO SUPPORT AIRLINES PROFITABILITY IN HIGH COST ENVIRONMENT, IMPACT ON PASSENGER GROWTH DOES NOT BODE WELL FOR INDUSTRY.  Full Article

SpiceJet Chairman Says "Urgently Need To Address Structural Challenges" In Indian Aviation
Monday, 25 Mar 2019 

March 25 (Reuters) - SpiceJet Ltd Chairman::SPICEJET CHAIRMAN SAYS "WE URGENTLY NEED TO ADDRESS STRUCTURAL CHALLENGES THAT MAKE INDIA’S AIRLINES UNCOMPETITIVE TO AIRLINES AROUND THE WORLD".  Full Article

SpiceJet Suspends Boeing 737 Max Ops After DGCA's Decision To Ground The Aircraft
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Spicejet Ltd ::SAYS CO SUSPENDED BOEING 737 MAX OPERATIONS FOLLOWING DGCA'S DECISION TO GROUND THE AIRCRAFT.  Full Article

India's SpiceJet Dec-Qtr Profit Plunges 77 Pct
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Spicejet Ltd ::DEC QUARTER NET PROFIT 550.7 MILLION RUPEES VERSUS PROFIT OF 2.40 BILLION RUPEES LAST YEAR.DEC QUARTER NET INCOME FROM OPERATIONS 23.82 BILLION RUPEES VERSUS 20.52 BILLION RUPEES LAST YEAR.SPICEJET LTD - "MACRO ENVIRONMENT HAS IMPROVED SUBSTANTIALLY".HAS SEVEN BOEING MAX AND ONE 737 FREIGHTER LINED UP FOR INDUCTIONS DURING THE LAST QUARTER OF THIS FINANCIAL YEAR.SPICEJET LTD - SPICEXPRESS WILL ADD UPTO 5 MORE FREIGHTER AIRCRAFT IN THIS CALENDAR YEAR.SAYS QTRLY PASSENGER YIELDS UP 8% PERCENT OVER Q3 FY2018.SPICEJET LTD - IN 2019, CO INTENDS TO CARRY ON WITH PLANS FOR AGGRESSIVE NETWORK EXPANSION.  Full Article

Boeing Exec Says Expect Indian Airlines To Order Up To 2300 New Planes Worth $320 Bln Over Next 20 Years
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Senior Vice President, Asia Pacific and India sales at Boeing Commercial Airplanes Dinesh Keskar::EXEC SAYS EXPECT INDIAN AIRLINES TO ORDER UP TO 2300 NEW PLANES WORTH $320 BILLION OVER THE NEXT 20 YEARS.EXEC SAYS OF EXPECTED AIRPLANE ORDERS ABOUT 84 PERCENT EXPECTED TO BE SINGLE AISLE PLANES WORTH $220 BILLION.EXEC SAYS EXPECT SLOWDOWN IN REGIONAL AIR CONNECTIVITY GROWTH DUE TO BETTER ROAD NETWORK.EXEC SAYS GLOBALLY COMMERCIAL AVIATION WILL DEMAND SERVICES WORTH $8.8 TRILLION OVER 20 YEARS.EXEC SAYS IMPORTANT TO SEE "DISCIPLINE IN FARES" IN INDIA.EXEC SAYS WON'T BE SURPRISED TO SEE SPICEJET, JET AIRWAYS ORDERING BIGGER PLANES DUE TO SLOT CONSTRAINTS AT MAJOR AIRPORTS TO INCREASE CAPACITY.EXEC SAYS INDIAN FARES ARE 10-15 PERCENT LOWER THAN WHERE AIRLINES CAN BREAK EVEN.  Full Article

SpiceJet Gets Shareholders' Nod To Re-Appoint Ajay Singh As MD
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - SpiceJet Ltd ::GETS SHAREHOLDERS' NOD FOR RE-APPOINTMENT OF AJAY SINGH AS MANAGING DIRECTOR.  Full Article

India's SpiceJet Posts Sept-Qtr Net Loss
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Spicejet Ltd ::SEPT QUARTER NET LOSS 3.89 BILLION RUPEES VERSUS PROFIT OF 1.05 BILLION RUPEES LAST YEAR.SEPT QUARTER NET INCOME FROM OPERATIONS 18.48 BILLION RUPEES VERSUS 17.95 BILLION RUPEES LAST YEAR.CO ALL SET TO TAKE DELIVERIES OF 10 MORE BOEING 737 MAX AIRCRAFT IN Q3 & UPTO 8 MAX AIRCRAFT HAVE BEEN PLANNED FOR INDUCTIONS IN Q4 OF FY2019.FOUR Q400 AIRCRAFT SHALL BE INDUCTED DURING Q3FY 2019 AND UP TO FOUR Q400S ARE PLANNED FOR INDUCTIONS IN Q4 OF FY 2019."WITH THE CRUDE PRICES TAKING A FALL IN THIS QUARTER, THE PROFITABLE PERFORMANCE IS EXPECTED TO PICK UP DURING THE NEXT 2-3 QUARTERS".  Full Article

SpiceJet Ltd Launches New Loyalty Program 'SpiceClub'
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - SpiceJet Ltd ::CO LAUNCHES NEW LOYALTY PROGRAM 'SPICECLUB'.  Full Article

UPDATE 3-IndiGo owner sees more flyers after record profit, Jet collapse helps

BENGALURU, July 19 Interglobe Aviation Ltd , the operator of India's top airline IndiGo, said on Friday it expected passenger capacity to grow by nearly a third this fiscal year, as the company posted a record quarterly profit, gaining from the collapse of Jet Airways.