The development comes as passenger growth - which has been slowing down on account of the economic slowdown - has taken further hit due to the outbreak of coronavirus
SpiceJet reported 93 per cent load factor for November, led by a 45 per cent jump in passenger traffic
What belied hopes of the Street was the muted increase in yields at 1.9 per cent, compared to the 3.5 per cent estimated by them
Edelweiss projects the EBITDAR to come in at Rs 699.7 crore on the back of lower aviation turbine fuel (ATF). It had clocked an EBITDAR of Rs 363.4 crore in Q1FY19 and Rs 510.9 crore in Q4FY19
Market share gains, profitable regional expansion bode well for volumes and yields