⚠️⚠️⚠️ WILL SPICEJET DEFAULT?? ⚠️⚠️⚠️
Three Indian banks have classified loans to SpiceJet Ltd as "high risk," although the airline has not defaulted, according to people familiar with the situation, despite the airline's denial.
IDFC First Bank, Yes Bank, and Indian Bank are concerned about SpiceJet's cash flows and have met with the carrier to seek assurances after the carrier has fallen behind on payments to some aircraft lessors.
Anyone exposed to Spicejet stock should stay cautious for the mid-term to long-term and wait for their results to understand how the company is performing.
❗KEY CREDIT INDICATORS❗
Always calculate the following ratios to know the company's creditworthiness:
1. Interest Coverage Ratio
2. Debt-service coverage ratio
3. Cash Coverage ratio
IDFC FIRST, INDIAN BANK, YES BANK PUT SPICEJET LOANS ON HIGH-RISK, MONITORING CLOSELY -SOURCES
LENDERS TO SPICEJET CONCERNED ABOUT CASH FLOW, SEEK ASSURANCES FROM AIRLINE -SOURCES
#TATAMOTORS loss increase 15.4%
#JSLHISAR profit decline 14%
#AARTIDRUGS profit decline 29%
DGCA restrict 50% #SPICEJET flights.
#Spicejet fell 2.2% on Tuesday as one of its aircraft flying from Delhi to Dubai had to make an emergency landing in Pakistan following a technical issue. The DGCA has ordered a probe into the incident. This is the sixth such incident for the airline in the last 17 days. The stock is down 30% since the start of FY23.
During 2020-22, the global airline industry's losses exceeded $200Bn.
That's nine years of profit wiped out in just 730 days!
Indian airlines incurred a loss of ₹19,564 crores in 2021-22.
By 2030, India is expected to develop into the world’s largest aviation market.
Why are airlines not able to make money when airports are always crowded?
Why is the airline industry almost always at a loss?
Let's look at how airlines generate revenue: from passengers, cargo, and food & beverages sold inside an airplane.
Running an airline is a capital intensive business.
The major one is fuel - Boeing 747 (one of the most popular planes) uses upto four litres of fuel every second.
Security is another major concern for airlines. They spend a fortune to ensure safety before every departure that includes cargo setup, 360-degree plane inspection, gear and liquid checkups, etc.
And then there are fixed costs like buying/ leasing planes, salaries, and the airport also charges them for landing and parking the planes.
Even after being a capital intensive and an industry that is highly regulated, there's enough competition as well.
And on top of that, the loyality of a customer is considerably low. Customers don’t mind switching to a different airline for a slightly cheaper flight.
Considering all this, there is no doubt that airlines are suffering to make some profit in this business.
Have you invested in any of the airlines stock?
#INDIGO #SPICEJET #JETAIRWAYS #InvestingUniversity
Looks the first stock to fly indigo, spicejet
#SPICEJET #INDIGO #IDFCFIRSTB
#SPICEJET will declare results on Feb 14, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
Relief for #SPICEJET as SupremeCourt stays HighCourt order directing winding up proceedings after the airline claimed that it is looking to settle the dispute with CreditSuisse,
#SPICEJET & #INDIGO : Domestic Air Passenger Seen 39 % Drop in Last 2 week
TARGET 73, 77.
#POSITONAL TOWARDS 95+.
Results related (bearish) action may be seen in #TCS #ICICIGI #DELTACORP
Bullish: #SPICEJET #TATASTEEL
Swing candidates are all up...
#SPICEJET #ICICIGI #ZEEL #HINDPETRO
Representative Swing Plan stocks today:
#ICICIGI >1.4% up
#SPICEJET >1.5% up
#ZEEL >0.7% up
#TATAMOTORS >0.9% up
#SPICEJET : SpiceJet fundraise will be crucial for its survival, say experts
After reporting a fifth consecutive quarterly loss, SpiceJet Ltd's hopes to raise funds to the tune of ₹2,500 crore will be crucial for the airline to navigate the challenges faced by the pandemic-hit aviation sector and ensure its long-term sustainability, industry experts said.
SpiceJet has approved a fundraise through the issue of eligible securities to qualified institutional buyers and if this happens through fresh equity, the shareholding of the current promoter will fall from 60% to 40%, ICICI Securities said in a research note on Thursday.
Moving Vials - Logistics stocks to rally in near future … Positive for Blue Dart, SpiceJet, Snowman,Voltas, Mahindra Logistics, Allcargo
· In the battle to get the second largest vaccination into all the nooks crannies of the nation as steps are being taken for mass immunization, cold storage providers will be experiencing a rally in the coming days.
· Having the weighty responsibility of storage and transportation of Covid-19 vaccines, the companies are taking dynamic & motivated measures to attract investors.
· Blue Dart, SpiceJet, Snowman,Voltas, Mahindra Logistics, Allcargo among others, are some cold chain providers which will gain significantly since these are as important contributors as care centers & vaccine makers. – ET Report
#VOLTAS #BLUEDART #ALLCARGO #SPICEJET
Stocks in the news
Aurobindo Pharma: The company reported a higher profit at Rs 805.6 crore in Q2FY21 compared to Rs 639.5 crore, revenue rose to Rs 6,483.3 crore from Rs 5,600.5 crore YoY.
Gujarat State Petronet: The company reported a lower profit at Rs 498.6 crore in Q2FY21 compared to Rs 696.2 crore, revenue declined to Rs 2,980.4 crore versus Rs 3,043.2 crore YoY.
SpiceJet: The company reported loss at Rs 105.6 crore in Q2FY21 against loss at Rs 461.2 crore, revenue fell to Rs 1,070.5 crore versus Rs 2,848.3 crore YoY.
Ashoka Buildcon: The company reported a higher profit at Rs 70.4 crore in Q2FY21 against Rs 11.4 crore, revenue increased to Rs 1,189.3 crore from Rs 1,037.8 crore YoY.
Indiabulls Housing Finance: The company reported a higher profit at Rs 323 crore in Q2FY21 compared to Rs 273 crore, net interest income rose to Rs 750 crore from Rs 731 crore QoQ.
Coal India: The company reported a lower profit at Rs 2,951.6 crore in Q2FY21 compared to Rs 3,522.9 crore, revenue increased to Rs 21,153.1 crore from Rs 20,382.6 crore YoY.
#COALINDIA #GSPL #AUROPHARMA #Ibullhsgfinance #SPICEJET
**Spice Jet– Q3 FY20 (Un Audited –Cons)**
Total revenue from operations at 3,656 Cr
2,488 Cr (46.92%) YoY | 2,848 Cr (28.31%) QoQ
Nine Months ending revenue: 9,507 Cr Vs. 6,586 Cr (44.
Spicejet looking good today for intraday uptrend. CMP 113-114
High Quality Stock for Long Term Investment Purpose.
Sector :- Aviation
Market cap :-6500crore
Promoter holding :- 60%
((Ajay Singh owner
With hardly any cash left, SpiceJet should fuel up for the flight ahead
• SpiceJet needs to bolster its balance sheet with a fundraise sooner than later
• With low cash on its books, the airline is he