Page 26 - AAA MAY - JUNE 2015 Online Magazine

FEATURE AvIATION BUSINESS

Back in the Black

SpiceJet has for the first time reported profit in the fourth quarter of a fiscal since 2010
By Jay Menon
SPICEJET, ONE OF INDIA’S THREE Director, Ajay Singh, has been focusing
largest private airlines, has flown back on restoring operational reliability and
into the black after seven consecutive boosting revenues by winning back their
loss-making quarters on the back of a net customer confidence, while negotiating
gain on an insurance claim by the airline, settlements and re-negotiating several
contract re-negotiations with vendors and major contracts for price reduction.
cheaper aviation fuel. The airline ended the quarter with
The company, which changed hands a load factor of 81 per cent, which is
during the quarter and is now directly a historic high for low season, as it
under its original Founder-Director and continued gaining demand stimulation to
now Promoter, Chairman, and Managing maximise revenues.

26 ASIAN AIRLINES & AIRPORTS MAY / JUNE 2015 WWW.ASIANAIRLINES-AIRPORTS.COM