While IndiGo’s passenger yields declined 5.6% year-on-year, SpiceJet’s reported a 5% rise. Photo: Ramesh Pathania/MintThis isn’t the first time low-cost carrier SpiceJet Ltd has performed better than its larger competitor IndiGo (InterGlobe Aviation Ltd) on passenger yields. While IndiGo’s passenger yields declined 5.6% year-on-year, SpiceJet’s reported a 5% rise. Sure, SpiceJet’s March quarter yield performance stands out, coming at a time when load factors increased to 94%. Improving yields is what SpiceJet investors will watch for, if its valuations have to narrow the gap with IndiGo’s.

Source: Mint May 15, 2018 07:18 UTC