SpiceJet: “Demand is back”, optimistic for next two quarters

SpiceJet CCO, Samyukth Sridharan, recently stated “demand is back”, judging by the market performance over the past four months. Mr Sridharan added the carrier is also “optimistic” about its financial performance for the next two quarters. [445 words]

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This report contains the following subheadings:

• Unaware of Istithmar’s plans to alter investment strategy

This report contains the following charts and tables:

• SpiceJet passenger numbers and growth (% change year-on-year)
• SpiceJet market share: Oct-2007 to Oct-2009
• SpiceJet share price: 24-Aug-2009 to 02-Dec-2009