SpiceJet offers discounted fares on over 100,000 seats

"We are known as the airline that has made air travel more affordable for more Indians than ever before, revolutionising the industry and driving record growth in passengers in the process," said Shilpa Bhatia, senior Vice President and head of sales and distribution for SpiceJet.

Under the new discount scheme, single one-way fare between Delhi and Mumbai or Mumbai and Chennai will work out at Rs 1,899 (excluding taxes). With taxes, the fare on these routes will stand at Rs 2,999 for one-way ticket.

Similarly, for Mumbai-Kolkata, the complete fare including taxes stand at Rs 3,799 for one-way. The airline pointed out that the lowest fare of Rs 799 excluding taxes is available on routes such as Delhi-Chandigarh, Mumbai-Goa, Bengaluru-Kochi, Madurai-Chennai, Jammu-Srinagar and Kolkata-Agartala.

The scheme will be available from August 20 to 22 midnight. The travel period covered under this sale period starts from August 25, 2015 to March 26, 2016.  The sale is valid only for direct flights within SpiceJet's domestic network.  http://post.jagran.com/spicejet-offers-discounted-fares-on-over-100000-seats-1440072460 

Source: Business News 

India's SpiceJet cuts fleet size to save costs

SpiceJet says it needs fresh capital to end five consecutive quarters of losses. Prior to the September cut, it had been operating 35 planes.

"The decision to shrink is part of our restructuring," Sanjiv Kapoor told Reuters in a telephone interview on Friday. The airline flew 42 Boeing planes at the end of last year, and it has cut its daily flights to 275 from 340, he said.

Kapoor also said that the Airports Authority of India had reinstated its credit facility after the airline resolved all outstanding issues with the regulatory body.

The airports regulator told SpiceJet this week that it must pay in cash for services like landing, parking and luggage handling every time it flies a plane, which typically happens when an airline owes it money beyond a certain threshold.

SpiceJet stock had tumbled 12.7 percent by 0855 GMT in a flat market, and it has lost a quarter of its value this week.

India's second-biggest budget carrier said last week it was in early talks with potential investors about an injection of capital. The airline said in May it was in advanced talks with investors for funding but no deal materialised. Kapoor declined to comment on the state of the talks.

SpiceJet is losing money in a market where competition with rivals GoAir and IndiGo has kept fares low and operating costs remain comparatively high, and the majority of India's larger carriers are loss-making.

Source: News and Business News