SpiceJet

SpiceJet launches three-day-only ticket sale

SpiceJet launches three-day-only ticket sale

Budget carrier SpiceJet on Tuesday announced the launch of a three-day-only sale of tickets for domestic flights with fares starting at just Re 1 (statutory taxes & fees extra).

The low cost tickets will be applicable only on direct flights of the airline's new domestic network for travel starting July 1. Bookings can be made from April 1 to April 3, 2014.

SpiceJet reports Q3 loss on high fuel costs & weak currency

SpiceJet reports Q3 loss on high fuel costs & weak currency

The combination of higher fuel costs and forex losses pushed budget carrier SpiceJet Ltd into the red in the fiscal third quarter ended December 31, 2013.

Controlled by billionaire Kalanithi Maran-promoted Sun Group, SpiceJet, on Friday reported a net loss of Rs 1.73 billion (US$27.74M) for its October-December quarter. In the corresponding quarter of the previous year, the carrier had pocketed a net profit of Rs 1.02 billion.

SpiceJet to raise Rs 130cr from promoters

SpiceJet to raise Rs 130cr from promoters

Billionaire Kalanithi Maran-led budget airline SpiceJet Ltd on Friday confirmed that it would raise nearly Rs Rs 130 crore from its planned warrants issue to its promoters.

The company will issue up to 6,41,69,000 warrants, with each having a face value of Rs 10. The warrants will be issued on preferential basis to the airline's promoters with the option to apply for and be allotted an equal number of equity shares.

The decision to issue warrants was taken by board of directors at a meeting on 9th of January.

SpiceJet appoints Sanjiv Kapoor as its COO

SpiceJet appoints Sanjiv Kapoor as its COO

Sanjiv Kapoor, a former leader of world renowned consulting firm Bain & Co, has been appointed as the new Chief Operating Officer (COO) of budget airline SpiceJet.

SpiceJet, India’s second-biggest budget airline by market share, has appointed Mr. Kapoor as its COO at a time when it is in search of a strategic investor to prop up its finances.

Mr. Kapoor has assumed the new role at SpiceJet today, November 1.

SpiceJet hikes fares by 25%; others expected to follow suit

SpiceJet hikes fares by 25%; others expected to follow suit

The recent increase in fares by India's second-biggest budget carrier SpiceJet is widely expected to prompt others to start charging more from their passengers.

SpiceJet on Tuesday announced its decision of increasing ticket prices by up to 25 per cent. The carrier blamed the combination of rise in its operating costs and the steep decline in rupee for its decision of price hike.

Many rival carriers, including GoAir, Jet Airways and IndiGo, have followed suit; while Air India is expected to soon announce an increase.

SpiceJet posted 65% jump in net profit

SpiceJet posted 65% jump in net profitSpice Jet is planning to keep a tight check on costs for FY12. Spice jet airlines being the country’s second largest low-cost carrier (LCC) by market share has posted a net profit of Rs 101.15 crore in 2011 which is 65% up from last year’s net profit of Rs 61.45 crore.

SpiceJet to increase airfares

SpiceJet to increase airfares

SpiceJet known for its low cost fares has announced that it will increase its air fares this summer to counterbalance the hike in jet fuel which has increase its operational costs.

Due to political instability in West Asia and North Africa, crude mounted to $122 in March from $80 a barrel in December. Crude suffered demand –supply crisis due to uncertainty over elections in Nigeria, Africa’s biggest crude oil producer, and a continuing argument between government forces and revolt in Libya.

SpiceJet CEO Sanjay Aggarwal quits

SpiceJet CEO Sanjay Aggarwal quits

It has been just a few days since the media baron Kalanithi Maran picked up a majority stake in the low-cost air carrier SpiceJet, but under a surprising move its CEO Sanjay Aggarwal has put in his papers.

Spice Jet CEO Aggarwal quits

Spice Jet CEO Aggarwal quits

Not even a month have elapsed after Sun TV founder Kalanithi Maran acquired a 37.7% stake in Spice Jet, the budget carrier experienced its first top level change. Airline CEO Sanjay Aggarwal, who took over the charge after Wilbur Ross invested about Rs 345 crore two years back, has resigned from the position. He was reckoned as a Ross man,

Spicejet stake sale: Domestic focus to help company retain

Spicejet stake sale: Domestic focus to help company retain

Sun TV have acquired 37.75% stake of the low cost budget airline Spice Jet Said the Networks chief Kalanithi Maran .They bought it at 47.25 which foretells that its good or the company. The stock includes the holdings of investors like Wilbur Ross and Bhulo Kansagra. This was a very good move taken by Sun TV.