New Delhi: The three leading Indian low-cost carriers (LCCs) — IndiGoNSE -0.13 %, SpiceJet and GoAir — are each expected to report record profits in 2019-20, airline consultancy firm CAPA said in a report on Thursday. Moreover, the domestic capacity, which has been lost as a result of Jet AirwaysNSE -3.23 %’ closure in April, should be restored by the end of September, it said.
It added that the growth in domestic capacity would then resume in the second half of 2019-20.
“The three leading Indian LCCs – IndiGo, SpiceJet and GoAir – are each expected to report record profitability in FY2020,” the Centre for Asia Pacific Aviation (CAPA) said in its report ‘CAPA India Quarterly Market Insights’.
