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IndiGo and SpiceJet would have posted losses in the June quarter. So, who saved them? Jet Airways.

Brokerage firms and analysts expect airlines to report profits in their first-quarter results. That’s because despite adding planes and flights following the grounding of Jet, the rest of the airlines succeeded in keeping ticket prices high and occupancy intact.
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tarunshukla
19 Jul 2019 4 Mins Read 0 comment
IndiGo and SpiceJet aircraft jostle for space on a runway at Indira Gandhi International Airport in New Delhi, on July 13, 2011. Getty Images
IndiGo and SpiceJet aircraft jostle for space on a runway at Indira Gandhi International Airport in New Delhi, on July 13, 2011.
After a punishing 2018 that eventually led to the closure of Jet Airways, India’s listed airlines are set to return to profits on the back of higher airfares and reduced competition. InterGlobe Aviation-led IndiGo, which controls half of India’s domestic market, and SpiceJet are both likely to announce profits for the quarter ending June, according to analysts who track
example. That fiscal, when fuel prices were at same level as INR65 now, SpiceJet lost INR606 crore and IndiGo just managed to announce an INR128 crore profit. The promoters and management of IndiGo and SpiceJet will have a lot to thank Naresh Goyal’s Jet Airways for their dividends and increments this year. ( Graphic by Sadhana Saxena)
After a punishing 2018 that eventually led to the closure of Jet Airways, India’s listed airlines are set to return to profits on the back of higher airfares and reduced competition. InterGlobe Aviation-led IndiGo, which controls half of India’s domestic market, and SpiceJet are both likely to announce profits for the quarter ending June, according to analysts who track example. That fiscal, when fuel prices were at same level as INR65 now, SpiceJet lost INR606 crore and IndiGo just managed to announce an INR128 crore profit. The promoters and management of IndiGo and SpiceJet will have a lot to thank Naresh Goyal’s Jet Airways for their dividends and increments this year. ( Graphic by Sadhana Saxena)

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