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SpiceJet reduces fleet size to arrest losses

12 Nov 2014

In a bid to arrest losses, SpiceJet has reduced its capacity in a “fleet standardization” exercise. Over the past six months, the airline’s fleet has shrunk from 58 aircraft to 48 planes with the carrier returning 10 Boeing 737s to lessors. Three planes have been returned in the past two months alone.

The airline now operates 48 aircraft, including 33 Boeing 737s and 15 Bombardier Q400. The reduction in capacity and the grounding of a Boeing 737 following a collision with a buffalo in Surat have impacted the airline’s schedule, leading to cancellation of some flights.

SpiceJet is India’s most preferred airline who delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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