SpiceJet hopes for a revival in profitability

Oct 28, 2013, 10.35 PM IST

SpiceJet recently launched operations in its 10th international route with the inaugural flight between Bengaluru and Bangkok. CNBC-TV18 spoke to its senior VP V Raja on the strategy undertaken by the airline to return on the path of profitability

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SpiceJet hopes for a revival in profitability

SpiceJet recently launched operations in its 10th international route with the inaugural flight between Bengaluru and Bangkok. CNBC-TV18 spoke to its senior VP V Raja on the strategy undertaken by the airline to return on the path of profitability

Like this story, share it with millions of investors on M3

SpiceJet hopes for a revival in profitability

SpiceJet recently launched operations in its 10th international route with the inaugural flight between Bengaluru and Bangkok. CNBC-TV18 spoke to its senior VP V Raja on the strategy undertaken by the airline to return on the path of profitability

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Low cost carrier SpiceJet recently launched operations in its 10th international route with the inaugural flight between Bengaluru and Bangkok. CNBC-TV18 spoke to SpiceJet senior vice president V Raja on the strategy undertaken by the airline to return on the path of profitability.

Also Read: SpiceJet plans gradual global expansion

V Raja, senior VP- Commercial, SpiceJet says "We have rationalised some of the routes that we have operated. We have increased our forays into international markets where costs are probably lower in terms of the ATF (aviation turbine fuel). We are increasing our revenues from the ancillary revenue source and are trying to reduce cost wherever possible. So, we are taking some of these steps to ensure that we return back to profitability as soon as possible."

On October 28, 2013, SpiceJet closed at Rs 20.30, down Rs 0.5, or 2.4 percent. The 52-week high of the share was Rs 50.90 and the 52-week low was Rs 18.05.

The latest book value of the company is Rs -3.88 per share. At current value, the price-to-book value of the company was -5.23.

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