SpiceJet expects LCCs to capture three quarters of domestic market in five years
SpiceJet Director and interim CEO, Kishore Gupta, stated he expects Indian LCCs to "capture three-fourths" of the price-sensitive domestic market in the next five years, as LCCs expand aggressively while their full-service counterparts take a more cautious approach to capacity, as they focus on minimising losses and improving profitability.
