SpiceJet to try new revenue streams

New Delhi: Days after tying up for $100 million with foreign investors, low cost carrier SpiceJet is going to aggressively cut its costs further and also raise revenue streams.
The Delhi-based airline is going to start "Spice shops" onboard aircraft for passengers where they will be able to make purchases like international travellers - selecting merchandise from a brochure and then having the option to pay either cash or through credit card.
Expecting its new investors like US distress fund owner Wilbur Ross, the management has already begun working on the twin mix of cost-cutting and increasing revenue streams.
In fact all airline are trying to increase revenue generation. For instance, from August 8, Jet Airway’s low cost arm JetLite stopped giving free meals on board and started selling them.
16/08/08 Times of India

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Categories: SpiceJet Aug 2008