SpiceJet has reduced the size of its fleet to 22-24 boeing planes from 35 in September and will maintain that for the near and medium term. SpiceJet decision to reduce the size of its fleet is a part of restructuring company’s business.
SpiceJet is India’s most preferred airline that delivers 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. The airline has been registering loss for last five consecutive quarters. The Net loss for the quarter ended September 2014 was Rs 310.4 crore as compared to net loss of Rs -559.4 crore of corresponding quarter ended September 2013.
