Page 5 - Aviation Spicejet
SpiceJet to make Bhavnagar-Pune route flights operational from May 5
SpiceJet on Tuesday said it will start flights connecting Bhavnagar in Gujarat with Pune and Mumbai from May 5 onwards. In a statement, the airline said it will also start additional flights on the Ahmedabad-Pune route. The Bhavnagar-Pune flight will operate under the Central government's UDAN scheme, it mentioned. Under the UDAN scheme, financial incentives from the Centre, state governments and airport operators are extended to selected airlines to encourage operations from unserved and underserved airports and to keep airfares affordable. SpiceJet will deploy its Q400 aircraft for the flights.
 "SpiceJet to make Bhavnagar-Pune route flights operational from May 5")
SpiceJet posts profit in Q3 amid turbulent times; to expand 737 MAX fleet
Total income in the latest December quarter climbed to Rs 267.73 crore compared to Rs 187.06 crore in the same period a year ago, according to a regulatory filing
 "SpiceJet posts profit in Q3 amid turbulent times; to expand 737 MAX fleet")
Stocks to Watch: Infosys, TCS, Wipro, HUL, SpiceJet, Delta Corp, telcos
The three IT majors are scheduled to report Q3 earnings on Wednesday.
 "Stocks to Watch: Infosys, TCS, Wipro, HUL, SpiceJet, Delta Corp, telcos")
Top headlines: UBS pegs FY21 growth at -0.4%, US death toll crosses 1 mn
Business Standard brings to you a snapshot of events which made it to the headlines today
 "Top headlines: UBS pegs FY21 growth at -0.4%, US death toll crosses 1 mn")
Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA
IATA called for a combination of direct financial support, loans, loan guarantees and support for the corporate bond market, and tax relief
 "Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA")
Flight curbs to be lifted when coronavirus is under control, says minister
Hardeep Singh Puri also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter
Experts, passenger associations want airlines to stop advance bookings
All airlines except Air India were accepting bookings for domestic flights beyond April 14 but now those would be cancelled as government extended the lockdown.
 "Experts, passenger associations want airlines to stop advance bookings")
Spicejet launches cargo-on-seat flights to carry essentials amid Covid-19
It is the first such service in India. The plane will complete five rounds today
 "Spicejet launches cargo-on-seat flights to carry essentials amid Covid-19")
Ready to fly migrant workers from Delhi, Mumbai to Patna: SpiceJet CMD
Migrant workers were seen walking on foot for hundreds of kilometers across the states - be it from Delhi, Telangana or Kerala to reach their home states
 "Ready to fly migrant workers from Delhi, Mumbai to Patna: SpiceJet CMD")
Covid-19: IndiGo crew stuck as govt withholds permission for ferry flights
Around 50 pilots and cabin crew of the airline couldn't return before lockdown was announced
 "Covid-19: IndiGo crew stuck as govt withholds permission for ferry flights")
Indian airlines start grounding aircraft; govt considers relief package
The largest Indian airline IndiGo, which has 47 per cent market share, announced a steep pay cut for its senior management, pilots and crews
Aviation shares under pressure; SpiceJet hits 52-week low, IndiGo slips 4%
IndiGo has placed four of its crew members under home observation to check the spread of coronavirus
 "Aviation shares under pressure; SpiceJet hits 52-week low, IndiGo slips 4%")
Coronavirus: Air India extends suspension of flights to China till June 30
The national carrier had also suspended its Delhi-Hong Kong flights due to the coronavirus epidemic that has killed more than 2,000 people in China till date
 "Coronavirus: Air India extends suspension of flights to China till June 30")
SpiceJet profit likely to take a hit due to delay in induction of 737 MAX
SpiceJet had 13 Boeing 737 Max in its fleet (and 155 planes of the type on order), which were grounded following a global ban last March
SpiceJet, Emirates sign codeshare agreement for flight ticket bookings
While passengers of Emirates will be able to access the SpiceJet network first from early 2020, SpiceJet passengers travelling from India to Dubai will also be able to access Emirates' network
 "SpiceJet, Emirates sign codeshare agreement for flight ticket bookings")
Analysts maintain 'buy' call on SpiceJet despite loss in Q2; here's why
ICICI Securities remains positive on the stock considering the overall low capacity growth in Indian airlines & expected improvement in operations over the next two years with better cost management
 "Analysts maintain 'buy' call on SpiceJet despite loss in Q2; here's why")
SpiceJet Q2 preview: Analysts estimate 8x EBITDAR growth, loss to narrow
The brokerage pegs the sales revenue at Rs 2,817 crore, up 50.3 per cent from Rs 1,874.8 crore logged in Q2FY19. This would, however, translate to a 6.2 sequential decline.
SpiceJet board to meet on November 13 to consider Q2 financial results
In a regulatory filing, the company said its board of directors would meet on November 13.
