INSUBCONTINENT EXCLUSIVE:
raise prices at a time when the industry benefited from the collapse of Jet Airways.Indian carriers, including budget airlines SpiceJet and
Interglobe Aviation Ltd's IndiGo, have been taking advantage of debt-laden Jet's downfall, adding flights and routes and raising fares
in response to a drop in capacity."(With) significant improvements in yields and prime slots at key airports, we are confident of a strong
performance for FY2020," Chairman and Managing Director Ajay Singh said in a statement.SpiceJet said it added 25 aircraft in April and May
Jet started grounding planes at the beginning of the year and was eventually forced to stop operations in April.On Tuesday, SpiceJet said it
would add 35 aircraft to its fleet by fiscal year 2020 and that average fare rose 11 per cent and capacity increased 21 per cent in the
reported quarter.Standalone net profit, excluding earnings of units SpiceJet Merchandise, SpiceJet Technic and Canvin Real Estate, reached
Rs 56.29 crore ($8.08 million) in January-March, from Rs 46.15 crore in the same period a year earlier.SpiceJet's shares closed 2.09 per
