Ajay Singh, CMD, Spicejet

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SpiceJet re­ported a profit of INR 239.99 crore for the three months ended De­cem­ber 31st, 2017 as against INR 181.14 crore in the same quar­ter last year, mak­ing it the 12th suc­ces­sive prof­itable quar­ter for the air­line. Prof­its grew by 32% against a ca­pac­ity growth of 14% dur­ing this pe­riod as against the same quar­ter last year. The strong quar­terly re­sults were aided by a higher pas­sen­ger load fac­tor and a healthy in­crease in pas­sen­ger yields de­spite a sub­stan­tial rise of 17% in crude oil prices, a one-time ex­pense of Rs. 25 crores and an in­fla­tion­ary in­crease of 3% in other costs. The Com­pany wit­nessed a 14% in­crease in its pas­sen­ger yields (Rev­enue per Avail­able Seat Kilo­me­ter) while its av­er­age do­mes­tic load fac­tor was 95%. SpiceJet has recorded more than 90% load fac­tor for 33 suc­ces­sive months, a feat un­par­al­leled glob­ally. SpiceJet re­ported op­er­at­ing rev­enue of INR 2,081.95 crore in the quar­ter. On an EBITDA ba­sis, SpiceJet re­ported a profit of INR 330.73 crore. On an EBITDAR ba­sis, the Com­pany re­ported a profit of INR 597.04 crore. Ajay Singh – CMD, SpiceJet said, “Twelve suc­ces­sive prof­itable quar­ters, record air­craft or­ders, in­dus­try’s best load fac­tor, high on­time per­for­mance and con­stantly ex­plor­ing new growth av­enues – SpiceJet re­mains firmly on track on its long term growth strat­egy. This has been yet an­other great quar­ter for us and I am very pleased with the ex­cep­tional per­for­mance of my team.” With many firsts to its credit for the Oc­to­ber-De­cem­ber quar­ter, SpiceJet be­came the only air­line to com­mence daily di­rect op­er­a­tions on the in­ter­na­tional sec­tor of Ahmed­abadBangkok. It was also the only player to in­tro­duce daily non-stop flights on Delhi-Jodhpur, Jaipur-Jodhpur, Ahmed­abad-Varanasi, Kolkata– Ja­balpur, Ben­galuru–Puducherry and Ben­galuru-Bag­do­gra sec­tors among others. On UDAN, the Com­pany secured ad­di­tional 20 routes that will fur­ther in­crease its foot print in re­gional op­er­a­tions. Some of the ex­clu­sive routes awarded to SpiceJet in­clude Delhi-Darbhanga, Mum­bai-Darbhanga, Delhi-Paky­ong, Chen­nai-Tan­jore, Delhi-Kis­hangarh among others. The com­pany is close to start­ing its Delhi-Adampur and Delhi-Kan­pur UDAN flights. The quar­ter also wit­nessed SpiceJet, the coun­try’s largest re­gional player, con­duct suc­cess­ful sea­plane tri­als in Mum­bai and Vi­jayawada and launch its fourth flight un­der UDAN con­nect­ing Jaipur-Jaisalmer. Key Busi­ness Up­dates The Com­pany is build­ing its own train­ing cam­pus for its pro­posed ex­pan­sion which will re­duce its train­ing costs by 50% in ad­di­tion to con­sol­i­dat­ing its train­ing op­er­a­tions. Be­fore De­cem­ber 2018, the com­pany plans to add 12-15 Boe­ing 737 air­craft and 6-9 Bom­bardier Q400 air­craft to its ex­ist­ing fleet of 38 Boe­ing and 22 Bom­bardier Q400 air­craft. The new gen­er­a­tion Boe­ing 737 Max air­craft will start de­liv­er­ing from Au­gust 2018 that will re­duce the over­all costs by around 8-9% on each air­craft. On the Bom­bardier Q400 air­craft, which starts de­liv­er­ing from Septem­ber 2018, the seat count has

been in­creased to 86 seats (from the cur­rent 78 seats). This will en­hance the seats flown in the re­gional and UDAN routes.

SpiceJet CMD Ajay Singh gets the CAPA Chair­man’s Or­der of Merit for Ex­cel­lence in In­dian Avi­a­tion Award

SpiceJet Chair­man and Man­ag­ing Di­rec­tor, Ajay Singh to­day re­ceived the pres­ti­gious CAPA Chair­man’s Or­der of Merit for Ex­cel­lence in In­dian Avi­a­tion Award for his con­tri­bu­tion to­wards In­dian avi­a­tion and the re­mark­able turn­around and fi­nan­cial per­for­mance of SpiceJet at an event in Mum­bai. The CAPA Chair­man’s Or­der of Merit for Ex­cel­lence in In­dian Avi­a­tion was ini­ti­ated last year to recog­nise and bring at­ten­tion to no­table achieve­ments by In­dus­try play­ers. “I am hon­oured to re­ceive this award. This is recog­ni­tion of SpiceJet’s spec­tac­u­lar come­back. This award be­longs to each and every SpiceJet­ter who has worked with such pas­sion and ded­i­ca­tion in the last three years,” said Ajay Singh, CMD, SpiceJet. Ajay Singh has scripted one of the most re­mark­able turn­around sto­ries of re­cent times. SpiceJet was on the verge of shut­ting down in De­cem­ber 2014, hav­ing can­celled hun­dreds of flights, when Mr Singh stepped in and gave it a new lease of life. From star­ing at an im­mi­nent clo­sure to achiev­ing 11 quar­ters of profit and a load fac­tor of over 90% every month for 33 months in a row (a global avi­a­tion record), SpiceJet’s turn­around story un­der the lead­er­ship of Ajay Singh, has been one which prob­a­bly has no par­al­lel in the avi­a­tion world to­day. “SpiceJet has had a mag­nif­i­cent jour­ney since Ajay Singh took over and res­cued the air­line from near clo­sure, to a track record of 11 con­sec­u­tive quar­ters of prof­itabil­ity,” said Pe­ter Har­bi­son, Ex­ec­u­tive Chair­man, CAPA – Cen­tre for Avi­a­tion. “Not only has the op­er­a­tional per­for­mance im­proved sig­nif­i­cantly, but SpiceJet has main­tained prof­itabil­ity through its op­er­a­tions and is poised for growth with more than 200 air­craft on or­der. The turn­around of SpiceJet has not only been a great suc­cess story for the com­pany, but it has im­proved con­fi­dence in the In­dian in­dus­try over­all,” Har­bi­son added. CAPA tracks the in­dus­try in In­dia on a 24x7 ba­sis right across the value chain through their es­tab­lished con­sult­ing and re­search op­er­a­tions in the re­gion.

SpiceJet awarded 17 pro­pos­als and 20 new sec­tors un­der the sec­ond round of bid­ding for UDAN

SpiceJet, the coun­try’s favourite low-cost car­rier and the largest re­gional player, was to­day awarded 17 pro­pos­als and 20 new sec­tors un­der the sec­ond round of bid­ding for the Gov­ern­ment of In­dia's UDAN Re­gional Con­nec­tiv­ity Scheme. Out of these 20, 15 will cater to un­served mar­kets of Kan­nur (Ker­ala), Darbhanga (Bi­har), Ozar (Nashik), Paky­ong (Sikkim), Kis­hangarh (Ra­jasthan), Li­l­abari (As­sam), Than­javur (Tamil Nadu), Bokaro(Jhark­hand) and So­la­pur (Ma­ha­rash­tra) whereas 5 will be for un­der­served mar­kets of Hubli (Kar­nataka) and Jaisalmer (Ra­jasthan). “SpiceJet has been one of the most en­thu­si­as­tic sup­port­ers of UDAN since the very be­gin­ning. We are de­lighted to be a part of the re­gional con­nec­tiv­ity scheme, which, we be­lieve, is an ex­cel­lent ini­tia­tive of our Prime Min­is­ter Shri Naren­dra Modi. We see tremen­dous po­ten­tial in the routes that we have been awarded to­day and look for­ward to be­gin­ning op­er­a­tions very soon,” said Ajay Singh, CMD, SpiceJet. SpiceJet with its fleet of 22 Bom­bardier Q400 air­craft, which have a seat­ing ca­pac­ity of 78, is In­dia’s largest re­gional player. The air­line placed an or­der for 50 Q400s last year, de­liv­er­ies for which will be­gin later this year. Last year, SpiceJet was awarded six pro­pos­als un­der the first phase of the UDAN scheme and was the only par­tic­i­pat­ing air­line that did not seek vi­able gap fund­ing from the gov­ern­ment. SpiceJet has launched op­er­a­tions on four UDAN routes that in­clude Mum­bai-Kandla, Mum­baiPor­ban­dar, Hy­der­abad-Puducherry and Jaipur-Jaisalmer.

Ajay Singh, CMD, SpiceJet

Pe­ter Har­bi­son, Ex­ec­u­tive Chair­man, CAPA

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