<Disc. Invested in Indigo>
Thanks for the update on Jet.
However, airline industry is a commodity business (i.e. all seats are equal… there is no appreciable difference between an Indigo seat and a Jet airways seat)
Hence, I would always prefer to be with the lowest cost operator.
I compared CASK (Cost per Available seat km) of Indigo, Jet and Spicejet for Q2 FY18:
Indigo: 3.01 Rs/km
Jet: 4.22 Rs/km
SpiceJet: 3.6 Rs/km
(this includes fuel cost which is 1.09, 1.15, 1.13 Rs/km for them respectively)
The way I look at this is:
Jet has to reduce its cost by ~29% to match Indigo
SpiceJet has to reduce its cost by ~16% to match Indigo
Both of the above are difficult although it is easier for SpiceJet to bridge the gap.
Hence Indigo looks better.
My 2 cents.
Suggestions are welcome.