Why SpiceJet's emergency landing may not be good for consumers

Even as SpiceJet struggles to stay off ground, Business Standard takes a look at the Kalanithi Maran-controlled airline's place in the domestic aviation sector

SpiceJet’s parent company has already announced it cannot afford spending more to rescue the beleaguered low-cost airline, adding another layer of uncertainty over its future. According to estimates by the Centre for Asia-Pacific Aviation, Kalanithi Maran-controlled SpiceJet, India’s third-largest air carrier in the domestic market, will need more than Rs 1,800 crore to stabilise and recover. It did manage to buy more time as the government asked its suppliers to give the airline more time to pay its bills. But oil companies did not refuel SpiceJet’s aircraft on Wednesday morning which forced the carrier to keep its flights grounded for most of the day. The loss-making airline is now racing against time to avoid a fate similar to what Vijay Mallya’s Kingfisher Airlines had earlier met. Amid uncertainty surrounding SpiceJet’s future, Business Standard takes a look at where the airline stands in the domestic aviation sector.

SpiceJet still is India’s third-largest domestic air carrier... (market share in %)

|Create infographics

 
... Even as its market share has dipped a little more than 1% over the past 10 months (market share in %)

|Create infographics

It cancelled the least number of flights in October, a month that saw the market leader cancelling the most number of flights...

|Create infographics

... And, SpiceJet was among the top three domestic operators in terms of on-time performance in the month... (% of flights on time)

|Create infographics

... which led to a fall in number of consumer complaints in October... (number of complaints)

|Create infographics

... But financial stress continues to dog the airline

|Create infographics