Buy custom Working Of Lcc Airline In India
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1839 |
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The stranglehold on costs and heavy passenger load also ensures that most LCCs break even by Year Two, latest by Year Three.
Did we say 'most'? SpiceJet started operations just two weeks ago but CEO Mark Winders is confident of breaking even within the next six months.
The UB group's Kingfisher Airlines, too, has been in the air for just over a month, but President and COO Alex Wilcox says the company will achieve operational break even by end-2005...
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The airline claims a turnover of Rs 350 crore (Rs 3.5 billion) in 2004-05, having flown one million passengers.
This year, says Founder and Managing Director G R Gopinath, it will earn Rs 1,000 crore (Rs 10 billion) from 4 million passengers. But then, most industry analysts agree that the Air Deccan business model is a textbook case of how to operate an LCC, with a few significant differences...
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