Why India is a ‘low-fare carrier’ market
Even as the domestic market penetration of low-cost carriers reaches 80%, in reality the operating environment makes it difficult for airlines to be genuinely low-cost.
Even as the domestic market penetration of low-cost carriers reaches 80%, in reality the operating environment makes it difficult for airlines to be genuinely low-cost.
Apart from the billions of dollars needed to resurrect the beleaguered airline, its re-entry into the low-cost carrier-dominated Indian aviation market is viewed with scepticism.
SpiceJet’s standalone profit for the whole financial year surged 32% from Rs 430 crore in FY17 to Rs 566.7 crore.
The budget carrier wants to fly to destinations such as Birmingham, London, Milan, and Paris in the next few years.