News / Some relief for loss-making SpiceJet as air cargo enjoys 'its best times in India'

Cargo may be saving the day for India’s airlines.

Low-cost carrier SpiceJet – plagued by long-running cashflow problems – is hoping recent vendor debt payments and cargo expansion will help it return to stability.

SpiceJet’s cargo arm, SpiceXpress, which is operating five narrowbody freighters, continues to stay in the black, reporting a net Q2 profit of $2.6m, versus $9.2m a year ago, with cargo loads pegged at 27,675 tons.

And to double-down on the cargo market for growth, the carrier is set to ...