We don't have problem of poor yields, no need to cut capacity: SpiceJet CFO

An interview with Kiran Koteshwar, Chief Financial Officer of SpiceJet, which has bucked the trend of airlines with faltering businesses

Planes are full but airlines are not making money. India’s oldest private airline, Jet Airways, is staring at multiple defaults while the profit of the largest carrier by market share, IndiGo, fell by more than 95 per cent. In such a situation, SpiceJet almost bucked the trend. While the airline reported a loss of Rs 380 million in the April-June quarter, it was primarily impacted by a Rs 635 million provisioning for settling the shareholding dispute of the company. SpiceJet Chief Financial Officer Kiran Koteshwar is optimistic about the airline’s prospects and tells Arindam Majumder that it has