Wednesday, November 23, 2016

SpiceJet set to handle 14 million passengers in 2016 but still only serves six international destinations; first of 42 737 MAX 8s coming in 2017

SpiceJet is India’s fourth biggest domestic airline and last year it carried 9.4 million domestic passengers at an average load factor of 90.2%. This gave it a market share of just under 12% for the whole of 2015. In addition SpiceJet carried almost 1.1 million passengers on international routes at an average load factor of 82.3%. In the first 10 months of 2016 over 10.3 million domestic passengers have already been carried (at a load factor of almost 93%) with a further 1.35 million passengers on international flights (at a load factor of almost 87%). This suggests that the airline is on track to carry close to 14 million passengers in 2016. The airline’s fleet currently comprises some 45 aircraft; 27 737s (of which 21 are -800s) and 18 Q400s. During S16 five -800s were added to the fleet.

Back in July 2014 SpiceJet’s share of the Indian domestic market reached 20% ,but a combination of factors led to the airline having to cut back capacity rapidly in order to survive, resulting in the airline’s share of the domestic market falling to just 10% within five months. However, under new management the airline has recovered, helped by falling fuel prices. It currently has around 13% of the domestic market, about the same as it had in 2009.
22/11/16 Anna Aero

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