The low-cost carrier (LCC), SpiceJet, has marked its presence in the Indian market quite evidently. Financial reports of this Sun Group-owned company show an upward graph since its inception in 2005. It has offices in several states with registered office in Chennai and the corporate office in Gurgaon. With a fleet size of over 55 aircraft, the carrier serves more than 19 per cent of total fliers of the nation. The airline has been declared as the third largest service provider of Indian aviation industry as per Directorate General of Civil Aviation (DGCA) reports for the second quarter. After analysis, it has been found that unparalleled services at lowest air fare and increased capacity are important reasons behind increase in the market share of this LCC.
The rise in market share has lead to increase in its share prices in recent months. Apart from this LCC, its competitors have also gained new fliers as a result of the expansion of the whole industry, which has given a boost to GoAir, Air India and IndiGo online booking as well. SpiceJet suffered loss in previous few quarters, but has come out of that phase brilliantly, and now gained an operating profit of around INR 9 crores in June. By far, over 13 lakhs shares have been traded in the BSE counter, which were 55.82 in the last quarter.
It registered a growth of 3.51 per cent, which has marked highest price of INR 12.40 SpiceJet shares. Introduction of new marketing strategies, restructuring of network, fleet size and capacity rationalisation have yielded a positive figure in the operating profit over the years. It replaced Air India from the third spot in the ranking order with a tremendous increase in SpiceJet booking, and is the second largest airline of the country in terms of domestic passenger share.
The rise in market share has lead to increase in its share prices in recent months. Apart from this LCC, its competitors have also gained new fliers as a result of the expansion of the whole industry, which has given a boost to GoAir, Air India and IndiGo online booking as well. SpiceJet suffered loss in previous few quarters, but has come out of that phase brilliantly, and now gained an operating profit of around INR 9 crores in June. By far, over 13 lakhs shares have been traded in the BSE counter, which were 55.82 in the last quarter.
It registered a growth of 3.51 per cent, which has marked highest price of INR 12.40 SpiceJet shares. Introduction of new marketing strategies, restructuring of network, fleet size and capacity rationalisation have yielded a positive figure in the operating profit over the years. It replaced Air India from the third spot in the ranking order with a tremendous increase in SpiceJet booking, and is the second largest airline of the country in terms of domestic passenger share.
No comments:
Post a Comment