Other airlines are expected to follow suit.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
Spice Jet to start a series of daily flights from Coimbatore to Delhi, Mumbai and Hyderabad, will lauch services to Port Blair, Pune in October.
Singh holds more than 36.15 crore shares.
SpiceJet has decreased its domestic services by 31 per cent to 2,995 weekly flights in the upcoming winter schedule as compared to 4,316 weekly flights that it got approved for the winter schedule of 2019, the aviation regulator DGCA said on Thursday. Meanwhile, Vistara, another private carrier, has increased its domestic services by 22 per cent to 1,675 weekly flights as compared to 1,376 weekly flights for 2019 winter schedule, the regulator added. The winter schedule begins on October 31 of a year and ends on March 26 next year.
The airline has already commenced the sale of tickets for the new destination, which will be the ninth international sector to be served by carrier, SpiceJet said.
Budget carrier SpiceJet on Wednesday joined the low fare race in the domestic market putting on the block half a million seats with ticket prices starting at Rs 1,499 under a limited period promotional offer.
The shareholders didn't vote against a rise in the company's authorised share capital to Rs 1,000 crore (Rs 10 billion) or the reappointment of S Natrajhen as managing director.
Some lessors have even taken the airline to court.
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
On December 31, SpiceJet's accumulated losses had grown to Rs 3,233 crore.
Under the offer, a corporate traveller will be entitled to one free single way ticket for every six completed one-way journeys.
Debt-ridden national carrier Air India tops a brand reputation survey.
For Air India and Jet Airways, airspace closure over Pakistan would mean flights to US and Europe will have to take a longer route.
The chief operating officer said that the carrier will surmount the present crisis very soon.
Under new Chairman Ajay Singh, the airline has cut routes - its capacity is down a third since last year - and costs.
The first flight with over 150 passengers from Chennai landed here this morning as the 'cultural capital' was included in the list of one of the major low-cost airliners in India.
To turnaround, the airline bets on heavily-discounted tickets and new overseas routes.
Low-cost positioning is passe. Brand experts suggest ways in which the airline can differentiate itself in the minds of customers.
Govt may grant infrastructure status to the aviation industry to enable it to access finances at cheaper rates
Aviation consultancy CAPA on Thursday said allowing domestic airlines to take advance bookings from April 15 is "unfair" to consumers since a decision on lifting the nationwide lockdown is yet to be taken. During the lockdown period only special flights approved by aviation regulator Directorate General of Civil Aviation, medical evacuation flights and those carrying cargo, including medical equipment, to and from different parts of the country are operational.
Terming SpiceJet's offer of rupee one fare across its domestic network as "predatory" and a "malpractice", aviation regulator DGCA on Tuesday came down heavily on the no-frill carrier and asked it to stop such pricing immediately.
It would help in saving fuel, reducing CO2 emissions as well as noise levels, according to officials
Delhi-based low-cost carrier SpiceJet is looking at restructuring its core leadership team as part of US investor Wilbur Ross's strategy of turning around the company.
Domestic air traffic logged 14.35 per cent growth in November as compared to the corresponding period last year propelled by the festive season rush.
New rules will unnecessarily make the airlines responsible for reasons beyond their control
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
Jet Airways, IndiGo have gained market shares as SpiceJet cancels flights.
SpiceJet would see a capital infusion of Rs 1,500 crore.
Spicejet has consolidated its base fare by including fuel surcharge in it.
Jet Airways is imposing $50 surcharge on economy class fare on its Gulf flights.
SpiceJet did not provide the details of its ancillary revenue.
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
As the competition between new airlines to attract passengers becomes increasingly cut-throat, damage caused to a plane by a toppled step-ladder has become the bone of contention between the two carriers.
Low-cost carrier SpiceJet said on Monday it had signed a $1.1 billion deal for sale and lease back agreement, covering 16 brand-new Boeing aircraft.
The airline has said it isn't worried about competition in the domestic market, thanks to its spread across three passenger segments
This means a passenger flying between Delhi and Mumbai will now know that the minimum fare in the route will be Rs 95 (as being charged by SpiceJet) and can go up to a maximum of Rs 22,800 (as being levied by GoAir), plus around Rs 3,000 as components like passenger fees.
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