SpiceJet says its earnings for the June quarter were significantly affected by the India-Pakistan conflict amid struggles to return narrowbodies to the sky.
India's SpiceJet has doubled the number of narrowbodies it will add on short-term leases as it looks to boost its fleet for the upcoming northern winter season.
Indian airlines are preparing to restore flights to 32 airports in the north of the country that were closed due to military action between India and Pakistan.
SpiceJet wants to add widebodies to its fleet in future but is putting its immediate attention on reactivating around 30 grounded aircraft to bolster capacity.
India's SpiceJet is aiming to restart deliveries of the Boeing narrowbodies it has on order and is also looking to return more grounded aircraft to service.
Indian carrier SpiceJet is set to induct 10 new aircraft in November, including three grounded aircraft, following its successful fundraising campaign in September.
Indian carrier SpiceJet has quickly reached its target in its latest fundraising exercise, which represents a vote of confidence by investors in the carrier’s prospects.
While a major round of consolidation is still likely to occur in the Indian airline industry, the process is taking longer to play out than expected years ago.
