SpiceJet has to review business class model, says CFO Kiran Koteshwar

SpiceJet will review its plan to continue with its business class offering, SpiceBiz, from August as it focusses on its low-cost model. FE’s Arun Nayal spoke to SpiceJet’s CFO Kiran Koteshwar about the airline’s Q4 results and gains from Jet’s grounding.

What was the benefit from Jet Airways’ grounding during Q4FY19?

We could not get much benefit of Jet’s grounding because of our Boeing 737 Max grounding. We did not have the opportunity to increase the fares as our inventory was getting consumed by the cancelled flights.
How much did the yields increase in the quarter?

Yields were up by 11% year-on-year for Q4FY19.