Connects with Chennai using Q400 aircarft

Tuticorin, December 07, 2011

SpiceJet Limited, India’s most preferred budget airline, today started commercial flights connecting Tuticorin to Chennai with its brand new fleet of Q-400 NextGen turboprop aircraft, offering a whole new flying experience to travelers of the city. The first Chennai-Tuticorin flight landed at theTuticorin Airport at 11:05 am today.

SpiceJet Limited has been fast expanding its domestic footprint with the brand new fleet of the latest Q400 NextGen turboprop aircraft from Bombardier. SpiceJet’s fleet expansion, with addition of the Q400 aircraft, aims to enhance air connectivity to Tier-II and Tier-III cities and towns.

The Q400 NextGen turboprop aircraft can accommodate 78 passengers and is widely accepted as the best short-haul plane globally. SpiceJet had placed an order for 30 such aircraft and have already taken delivery of the first 7 aircraft so far and is expected to take delivery of the 8th aircraft in the next few days.

SpiceJet recently announced the addition of Tuticorin as their 31st destination on their domestic network. Chennai was announced as the second base for SpiceJet’s Q400 aircraft and they will be positioning atleast three aircraft with the aim of enhancing connectivity from Chennai in the 2nd phase of their Q-400 operations.

Tickets can be booked through www.spicejet.com or Toll Free Reservation at 1800 180 3333 / 0987 180 3333 and through Travel Agents. For more details on schedule and fares please log on to www.spicejet.com

Schedule:

Outperforms the domestic industry with a 28% passenger growth

Chennai, November 11, 2011

Spiraling fuel prices and a depreciating rupee combined to make an already tough environment even more challenging during the quarter ended September 30, 2011. Despite this, SpiceJet continued to grow passenger traffic by 28%, outperforming the domestic industry passenger growth of around 19%.

Aircraft fuel expenses were 83% higher than same period last year and Fuel Cost constituted 63% of the total revenue in the current quarter as compared to 43% in the comparable quarter for the previous year.

The pricing environment continued to be weak, resulting in a decline in the average passenger yields in current quarter by 4.8% to Rs.3,317. With increased capacities getting inducted, load factor during the quarter were down to 67.4% from 73.6% during the same period last year.

SpiceJet posted a loss of Rs.240 crores for the quarter ended September 30, 2011 compared with a profit of Rs.10 crores for the comparable period last fiscal year.

Highlights for the quarter ended September 30, 2011 vs September 30, 2010

Operational

28% growth in number of passengers.
30% growth of Available Seat Kilometers.
40% growth in number of departures.

Financial

22% increase in Revenue from Operations.
4.8% decrease in passenger yields to Rs.3,317 from Rs.3,483
Net loss of Rs.240 crores for the quarter compared to a Net profit of Rs.10 crores

Neil Mills, Chief Executive Officer said, “The traditionally weak July-September quarter was made more challenging this year by high fuel prices, depreciating rupee and an irrational pricing environment. The highlight of this quarter was the successful launch of our Bombardier Q-400 operations, adding 7 new cities to the SpiceJet network. The initial response on all these routes has been very encouraging. We believe that the future of aviation growth in the country will be driven by connectivity to Tier-II and Tier-III towns from the metros. SpiceJet is well positioned to exploit the emerging opportunities in these rapidly growing and under served locations.

We remain confident about the long-term prospects for air travel in India. The promoters have infused an additional equity of Rs 131 crores recently in the month of October 2011. But we do hope that pricing aberrations of the past few quarters that have plagued the industry will get rectified soonest. In fact, the developments of the past few days perhaps indicate that a more rational operating environment may soon be around the corner”

Business Update for July – September 2011

Domestic traffic grew at 19% during the quarter over the same period previous year and continued to show increasing inclination towards the low-cost carriers. The market share of LCC’s increased from 42% during Q2F11 to 47% during Q2FY12. However, yields remained under severe pressure due to a irrational pricing policies adopted the larger domestic carriers thereby undermining the airline’s ability to pass on the impact of the higher fuel price to the passenger in a growing market.

SpiceJet outperformed the broad industry yet again with a 28% growth in passenger traffic. It also improved its market share from 12.8% to 13.7% during the same period in the previous year.

Connects Chennai with Vizag, Mangalore, Kochi & Goa using Q400 aircarft

New Delhi, September 30, 2011: SpiceJet Limited, India’s most preferred budget airline, today announced the launch of Trichy, the 30th domestic destination on their network. Chennai is also being announced as the second base for SpiceJet’s Q400 aircraft and the 6th and the 7th Q-400 aircraft will be positioned here and will aim to add connectivity from Chennai in the 2nd phase of their Q-400 operations.

The carrier today opened the bookings for Chennai – Trichy – Chennai, Chennai – Vizag – Chennai, Chennai – Mangalore – Chennai, Chennai – Kochi – Chennai & Chennai – Goa – Chennai on it’s newly acquired state-of-the-art Q400 aircraft.. For more details on schedule and fares please log on to www.spicejet.com

SpiceJet Limited has been fast expanding its domestic footprint with the brand new fleet of the latest Q400 NextGen turboprop aircraft from Bombardier. SpiceJet’s fleet expansion, with addition of the Q400 aircraft, aims to enhance air connectivity to Tier-II and Tier-III towns.

In the first phase of Q-400 operations, the airline connected Hyderabad to 12 popular Tier II and Tier III destinations – Aurangabad, Bhopal, Goa, Indore, Madurai, Mangalore, Nagpur, Pune, Rajahmundry, Tirupati, Trivandrum and Vijayawada.

The Q400 NextGen turboprop aircraft can accommodate 78 passengers and is widely accepted as the best short-haul plane globally.  SpiceJet had placed an order for 30 such aircraft and have already taken delivery of the first 5 aircraft during early-September. The delivery of the next two aircraft is expected by end-October.

Tickets can be booked through www.spicejet.com or Toll Free Reservation at 1800 180 3333 / 0987 180 3333 and through Travel Agents.

Schedule:

About SpiceJet Ltd.:

SpiceJet (www.spicejet.com) is India’s most preferred airline, with more than 14% market share, delivering the lowest air fares with the highest consumer value. We operate 202 flights daily to 21 Indian cities viz. Agartala, Ahmedabad, Bangalore, Bagdogra, Chennai, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kochi, Kolkata, Madurai, Mumbai, Nagpur, Pune, Srinagar, Varanasi and Visakhapatnam and two international destinations, Kathmandu and Colombo. SpiceJet’s new generation fleet of 30 Boeing 737-800 / 737-900ER aircraft are backed by cutting edge technology and infrastructure to ensure the highest standards in safety and operating efficiency.

SpiceJet is the winner of:-

• Smart Travel Asia’s Top 5 Best Budget Airlines in Asia (Aug 2010) and in Top 10 list for 2 consecutive years (Aug 2008 & Sept 2009, Hong Kong)
• Outlook Traveler’s Best Low Cost Airline (Feb 2008 & Feb 2010)
• Award for Best Website at ‘World Low Cost Airlines Asia Pacific Conference’ (January 2010, Singapore)
• India’s best low-fare airline in a survey conducted by MaRs on behalf of Hindustan Times (December 2009)
• World Travel Market Award for multi-channel approach in distribution (November 2009, London)
• National Award (ICWAI) for excellence in Cost Management (March 2009)
• CIO 100 Award for IT efforts for customer satisfaction and business growth (2007, 2008 & 2009)