Mumbai: About 97 per cent of Jet Airways’ standalone loss of Rs 267 crore in the third quarter of the current financial year (FY14) was from domestic operations. In the first and second quarters, domestic operations’ share of loss was 74 per cent and 71 per cent, respectively.
Similarly, SpiceJet’s Rs 172-crore loss in the third quarter was largely led by its domestic operations, says a sector expert. SpiceJet, which does not share the break-up of revenue and profit for domestic and international routes, did not respond to an email questionnaire.
Unlike the domestic market, which has seen high operating costs and fare wars, the international market in the segment has been stable.
The Centre for Asia-Pacific Aviation estimates domestic airlines would post a loss of $1.2 billion (Rs 7,440 crore) for FY 2014. CAPA also said Jet was likely to freeze its domestic operations at the current level. SpiceJet is conducting a review of its operations, which could see a short-term reduction of its domestic fleet by about 10 planes.
19/02/14 Aneesh Phadnis/Business Standard
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Similarly, SpiceJet’s Rs 172-crore loss in the third quarter was largely led by its domestic operations, says a sector expert. SpiceJet, which does not share the break-up of revenue and profit for domestic and international routes, did not respond to an email questionnaire.
Unlike the domestic market, which has seen high operating costs and fare wars, the international market in the segment has been stable.
The Centre for Asia-Pacific Aviation estimates domestic airlines would post a loss of $1.2 billion (Rs 7,440 crore) for FY 2014. CAPA also said Jet was likely to freeze its domestic operations at the current level. SpiceJet is conducting a review of its operations, which could see a short-term reduction of its domestic fleet by about 10 planes.
19/02/14 Aneesh Phadnis/Business Standard
