No threat of overcapacity if overhead cost remains in control: SpiceJet

With crude price falling and rupee strengthening, the airline expects to go back to profitability soon

SpiceJet on Wednesday sounded a note of optimism saying that Indian airlines will soon start making money due to fall in crude prices and a stronger rupee. The airline, which registered a loss of Rs 3.89 billion in the July-September period against a profit of Rs 1.05 billion last year, said that the aviation market won't have an overcapacity problem as long as overhead cost remains in control.

“I don’t know why we keep saying there is overcapacity. If we go back to last two or three years, there was a capacity addition of around 16-17 per cent and demand