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SpiceJet cuts fleet size, to stay smaller

The budget airline has been losing money for 5 consecutive quarters


SpiceJet Ltd has cut the size of its fleet to 22-24 Boeing planes from 35 in September and will maintain that for “the near and medium term”, its chief operating officer said, as the loss-making budget carrier looks to cut costs.

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The airline, which has lost money for five consecutive quarters, had intended to reduce the size of its fleet for a short time and then start expanding again early next year, but has decided that it must stay smaller for longer, Sanjiv Kapoor said.



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