The Hindu Business Line : SpiceJet aims to increase market share to 15 pc

SpiceJet has targeted to increase its market share to 15 per cent by 2007 from the current nine per cent in a market size of 32 million passengers, which is growing at 35 per cent annually.

The airline, which has a seat capacity of 12,000, is confident of achieving the target as it introduces more aircrafts and destinations in the next few months.

Addressing a press conference here on Monday, Mr Sanjay Kumar, Vice-President (Sales and Planning), said airfares could further see a fall of 10-15 per cent, if the ATF (aviation turbine fuel) rates were reduced.

He said the airline would add connect cities of Bhubaneshwar, Visakhapatnam and Thiruvananthapuram with Hyderabad by the middle of the year. It has also planned to increase the frequency to Mumbai and Bangalore. There are plans to introduce services in the Hyderabad-Kolkata sector. It has also considered to add Indore and Nagpur to its network.

The airline, which registered revenues to the tune of Rs 481 crore in 2005-06, hoped to achieve Rs 1,100 crore this year. "We have already achieved operating breakeven last year," he said.

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