Tuesday, June 16, 2009

SpiceJet an underperformer

SpiceJet an underperformer

Karvy Stock Broking has changed its rating on SpiceJet from outperformer to underperformer with a price target of Rs 16 in its report dated June 16, 2009

“During 4QFY09, SpiceJet is expected to report revenues of Rs 3,363 million as against revenues of Rs 3,993 million reported during 4QFY08. Revenues are expected to be lower on YoY basis on account of lower average fares and lower departures. Due to lower fuel prices, airfares during 4QFY09 are expected to be lower at Rs 2,650 as compared to average airfares of Rs 3,059 reported during corresponding period previous year. Due to lower ATF prices we expect the company to report negative EBITDA of Rs 819 million as against negative EBITDA of Rs 1,334 million reported during 4QFY08. We continue to maintain our price target of Rs 16 on the stock. Due to run-up in stock price post our previous update; we are changing our rating on the stock from Outperformer to Underperformer," says Karvy Stock Broking.

Monday, April 13, 2009

GoIndigo| GoIndigo Airlines| GoIndigo flights| GoIndigo Airline Tickets

goindigo is built for people with things to do, places to be, people to see - who don't want to waste time, money or energy in the process. By minimizing the cost/time/tension of air travel, goindigo opens up a country full of opportunities. With goindigo, you've got a billion reasons to fly! goindigo incorporates the best hardware, software, interface design & personnel from around the world. The goindigo team uses all of these resources to design processes and rules that are safe and simple, that make sense, and that cut waste and hassles, which in turn ensures a uniquely smooth, seamless, precise, gimmick-free customer experience at fares that are always affordable. goindigo focuses on doing one thing, and doing it well. That's why we have:

* One type of airplane - brand-new Airbus A320s
* One type of fare - low
* One type of customer service - professional
* One type of route - serving destinations within India
* One way to deal with delays and cancellations - honestly

We believe that we can offer the lowest fares by staying focused, which keeps our costs down without cutting corners or compromising on things that matter.