Also, not to forget that some of the regional ATR routes will be subsided.
Not all routes are "subsided". Specific routes alloted using a bidding system are entitled to a subsidy. Our team is working on uncovering a scam in the allotment of these RCS routes. Coming soon!
India's most profitable airline over the last decade surely has to be doing something different than an airline that did not have a single profitable quarter?
Indigo has only released its financial reports since 2014 or so. Everything before that was media spin. Repeated queries for audited results used to get us the "We are not a listed company and dont have to furnish those results" line. Many of us who saw Indigo rise found it hard to make sense of their success: the numbers just didnt add up. Something was amiss. It all seemed like KF all over again.
For the first few years, KF was called profitable too by the same media-pundits. The PR team, core operations and even the bunch of fawning journos writing paeans are the same. Hence KF part-deux. As we call it in India, its Deja-Chu!
Part of what has come to mean the LCC rulebook is single-type fleet, no loyalty program and so on. Indigo has broken both these rules the past month. Moving to a 320-ATR mixed fleet and introducing a loyalty program. Let's see how long they last.