UK reminds me more of 9W than the more successful airlines in India.
The only successful airline in India is Indigo and may be Spice Jet to some extent. That is it. Not a single full service carrier has been successful in India so far
. Vistara may be the first, and hope it succeeds but it needs lots of help.
IndiGo has successfully posted a record loss in Q2 of this year as well.
https://finance.yahoo.com/news/indigo-p ... 40763.html
The company's second-quarter net loss came in at 11.95 billion rupees ($161.61 million), compared with a loss of 10.66 billion rupees last year.
Almost no airline in the world has posted a profit in Q2 or even Q1 of this year and I doubt if any airline will post a profit in Q3 or Q4 of this year. Indigo is no exception. In 2019, Indigo had an operational profit, and is probably the only airline in India, which we can call it a "success" so far.
I'm happy that we're considering that external factors (like the current pandemic) do affect airlines' performance over short periods. The market is cyclic in nature- good and bad phases are inevitable.
But I'm not sure if its correct to state that no Indian FSC has been successful so far. I feel we are ignoring 8 decades of Indian Aviation history to only focus on the recent "IndiGo era".
Air India, in its eight decade history, has also has witnessed phases where it would have been called "successful" (particularly under the leadership of JRD Tata). The same goes for 9W - the only airline from the first crop of private carriers to grow to a 100+ fleet, and operate scheduled commercial services as far as Canada!
The LCC phenomena is a relatively new (and global one at that), one which FSCs have yet to figure how to deal with. I hope they will find a way to make themselves relevant to the value-seeking customer. Vistara has already hinted that it has drawn up a plan. Hopefully the new owners of Air India and Jet Airways will do so too.
https://www.business-standard.com/artic ... 008_1.html
“In the domestic space with 80 per cent of the market controlled by low-cost carriers, full-service carriers like us have a limited scope to prove our value. However, we can get the premium we are looking for in the international skies. In the next three years 30-40 per cent of ASKs, because of wide-bodied aircraft, will be deployed in the international market,” said Vinod Kannan, chief commercial officer of Vistara.
He said Vistara was not focussing on gaining a big market share in the domestic market — it would require many more aircraft that won’t be profitably deployed.