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Jet Airways' collapse gives budget rivals room to challenge Air India

IndiGo and SpiceJet snap up international routes in scramble for growth

India's second-largest low-cost carrier SpiceJet recorded its highest-ever quarterly net profit of 2.62 billion rupees in the quarter ended June.   © Reuters

MUMBAI -- The collapse of one of India's leading private airlines, Jet Airways, in April has come as a boon to major Indian carriers, which reported record profits for the June quarter, especially for private budget carriers InterGlobe Aviation-owned IndiGo and SpiceJet.

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