linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth
ET Prime
Financials

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.
font size
FONT SIZE
save
SAVE
saved
SAVED
Gift this article
GIFT ARTICLE
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)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

Current Edition

Hostel-chain pioneer Zostel is boxed into a corner, explores new products in the Indian travel market
Travel and Leisure

Hostel-chain pioneer Zostel is boxed into a corner, explores new products in the Indian travel market

India’s oldest and biggest backpacker brand Zostel is fast running out of options. While it has survived the meltdown of its budget-hotel aggregator Zo Rooms after a failed deal with OYO, its core budget-hostels business appears unviable — in contrast with global trends. Zostel is now forced to explore new segments like co-living and offbeat stays. It’s a mountain to climb.

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]