New Delhi: The three leading Indian low-cost carriers (LCCs) — IndiGo, 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 Airways’ 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’.
