SpiceJet's Market Share Drops to 2.3%

16 Sep 2024 CW Team

In August 2024, SpiceJet’s market share in India’s aviation sector plummeted to a mere 2.3%, marking a significant decline from previous figures. This sharp decrease highlights ongoing challenges for the airline amid a competitive landscape and operational difficulties.

The reduction in market share comes against a backdrop of turbulent times for SpiceJet. The airline has been grappling with financial instability, operational disruptions, and regulatory scrutiny. These issues have likely contributed to its reduced presence in the market, impacting its ability to compete effectively with other major carriers.

The drop in market share also reflects broader industry trends and shifting passenger preferences. With increased competition from other airlines and changes in travel patterns, SpiceJet has struggled to maintain its position in a dynamic and evolving market.

Efforts to address these challenges are underway, with the airline focusing on restructuring its operations and improving service quality. However, regaining market share will require significant strategic adjustments and operational improvements.

As the airline navigates these difficulties, stakeholders will be closely watching its recovery efforts and market strategies to assess its ability to rebound and regain a stronger foothold in the Indian aviation sector.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..