Deliver value for money: Neil Raymond Mills, CEO, SpiceJet

In the recent past, the low-cost carrier (LCC) business model has changed the dynamics of the domestic airlines industry. For SpiceJet, one of the early adopters of the LCC model, this translates into a series of quarterly profits at a time when its bigger peers struggle to stay afloat.
SpiceJet reported profit in the December 2010 quarter for the fifth consecutive period. Industry experts believe that this growth would sustain in coming quarters, considering the company’s keen focus on domestic market. In conversation with Rajesh Naidu of ET Intelligence Group, Neil Raymond Mills , Chief Executive Officer, SpiceJet, who earlier had successful career stints at LCC carriers such as FlyDubai and EasyJet, says in the coming quarters the company would benefit largely from the clear direction of the able management (Kalanidhi Maran has 38.1% stake in the company) that has come on board.
He believes that the advantage of being a debt-free company makes SpiceJet a strong and better long-term airline company. In the past few years, your nearest LCC peer Indigo Airlines has been consistently grabbing the market share. (Indigo has a market share of 18.6% compared with 13.8% for SpiceJet). What according to you, Indigo Airlines is doing differently, which you are not able to do?
02/01/11 Rajesh Naidu/Economic Times

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Categories: spicejet Feb 2011