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| Jet Airways, SpiceJet zoom despite Q2 losses | 28-OCT-09 |
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| Jet Airways surged further and zoomed to a high of Rs 412, up 25% from the day's low. The scrip finally settled at Rs 398, up 9% from the previous close. The counter clcoked volumes of 1.28 million shares as compared to the two-week daily average traded volumes of 572,048 shares on the BSE. |
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| SpiceJet reports net loss at Rs 101 crore | 28-OCT-09 |
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| Low-cost carrier SpiceJet today reported a 49 per cent year-on-year drop in net loss at Rs 101 crore for the quarter ended September 2009. The airline incurred losses of Rs 198 crore during the same period last year. The Delhi-registered carrier’s revenue from operation has increase by 31 per cent from the corresponding quarter last year. The airline sees sign of revival of traffic in India and feels the good run will continue in the coming quarter. Though low yields despite high passenger load factor created problems for the airline in the second quarter, it sees a good future with yields firming up. |
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| SpiceJet plans to fly overseas | 15-OCT-09 |
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| Low-cost carrier SpiceJet Airlines, promoted by a group of investors led by the Kansagra family and Delhi-based Ajay Singh, is working on a plan to start international operations next year, making it the third private Indian carrier after Jet Airways and Kingfisher to fly overseas. |
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| Domestic air traffic stabilises | 14-SEP-09 |
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| The fall in domestic air traffic seemed to have stabilised with official figures today showing a marginal increase of 30,000 in passenger load in August from the previous month. |
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| Airline, hotel stocks catch cold on flu fear | 13-AUG-09 |
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| The rapid spread of swine flu has hit share prices of top airline and hospitality companies as market players fear a sharp drop in travel and tourism due to the flu scare. In contrast, shares of top pharmaceutical companies have seen a sharp rise during the period. |
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| A-I on LCC flight path to stay airborne | 08-AUG-09 |
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| Air India (A-I) chairman Arvind Jadhav today announced that the state-owned airline was making an aggressive move to become a low cost carrier (LCC) in the domestic skies, competing against IndiGo, SpiceJet and JetLite, which control over half the market. |
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| Pvt carriers still booking tickets for Aug 18 | 02-AUG-09 |
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| Under attack from the government, the agitating private airlines who are demanding a bailout package, have kept bookings open for customers who want to fly on Aug 18, the day they have threatened to go on strike. |
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| Budget carriers fly high in downturn | 30-JUL-09 |
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| When budget carriers like Air Deccan and Spicejet began flying, both, Jet Airways chairman Naresh Goyal and Kingfisher Airlines chairman Vijay Mallya said the model will not work in India. |
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| SpiceJet, Dabur, Zydus Q1 results | 28-JUL-09 |
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| Budget carrier Spicejet Ltd has declared a net profit of Rs 26.3 crore for the quarter ended June 30, 2009 against a loss of Rs 129.2 crore during the same quarter last year on the back of a 15 per cent increase in operating revenues and higher load factors. |
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| SpiceJet new CFO appointed | 02-JUL-09 |
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| Announcing this appointment in Delhi, Sanjay Aggarwal, Chief Executive Officer, SpiceJet said, “I am delighted to welcome Seema to SpiceJet. |
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