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Prabhudas Lilladher Report
With scheduled passenger operations capped due to Covid-19, SpiceJet Ltd. continues to reap benefits from its cargo segment which grew by 2.6 times YoY/ 39% QoQ thereby reducing cash burn.
With dedicated fleet of 14 aircrafts, the company has emerged as the largest air cargo operator in the country.
In addition to this, it continues to focus on managing cash flows by:
- exploring new networks and revenue model (charter, cargo)
- deferring payments to vendors including lessors
- reducing unit costs by renegotiating rentals/maintenance contracts, cutting down discretionary/employee costs.
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