Spicejet Ltd

SpiceJet has allotted 71,500 equity shares under ESOS on 12 November 2025. Post the allotment of shares, the paid up equity share capital has increased to 1,41,35,98,767 equity shares of Rs 10 each. Powered by Capital Market - Live

SpiceJet has bolstered its fleet with five additional Boeing 737 aircraft, including one Boeing 737 MAX, marking a total of 15 inductions in just over a month. This includes 14 planes added on damp lease (including two 737 MAX) and the successful ungrounding and reactivation of a Boeing 737 MAX from the airline's grounded inventory. With these additions, SpiceJet's operational fleet now stands at 35 aircraft. All five newly inducted planes have commenced commercial operations, significantly enhancing connectivity on high-demand domestic and international routes. The rapid expansion provides a major boost to SpiceJet's winter schedule, responding to surging passenger traffic during the festive and holiday season. As of September 30, 2025, SpiceJet was operating 100 daily flights. With these latest additions, the airline's daily operations have now surged to 176 flights per day. Powered by Capital Market - Live

Post forex adjustment, net loss expanded to Rs 635.42 crore in Q2 FY26, against a net loss of Rs 447.54 crore in Q2 FY25. The performance for the September quarter were primarily driven by impact of recalibrating dollar based future obligations along with carrying cost of grounded fleet and additional expenses incurred towards RTS. Continued airspace restrictions negatively impacted operations and resulted in a sharp escalation in operating costs. Revenue from operations declined 14.4% YoY to Rs 730.14 crore in Q2 Sept 2025. The company reported negative EBITDAR (excluding forex) of Rs 203.80 crore in Q2 FY26 compared with negative EBITDAR (excluding forex) of Rs 58.87 crore in Q2 FY25. In Q2 FY26, passenger revenue per available seat kilometre (PAX RASK) stood at Rs 4.04, while passenger load factor (PLF) remained robust at 84.3%. During the July-September period, the company executed one of its most significant fleet enhancement programs, finalising lease agreements for 19 aircraft. These additions, coupled with the reactivation of grounded planes, will enable the airline to rapidly ramp up capacity and expand its international footprint in the festive and winter season. The airline fully completed the settlement and payment plan of $24 million with Credit Suisse and also secured $89.5 million in liquidity through the Carlyle Aviation settlement, unlocking vital maintenance reserves. During the quarter, the airline received two consecutive credit rating upgrades from Acuit' Ratings, with its long-term rating revised to BB (Stable), reaffirming confidence in the airline's turnaround strategy, financial discipline, and improving industry outlook. Ajay Singh, chairman and managing director, SpiceJet, said, 'The September quarter was a period of consolidation and groundwork for our next phase of growth. While the results reflect short-term costs related to fleet revival and expansion, these are strategic investments that will start yielding results from the current quarter onward. With aircraft additions already underway and our network expanding rapidly, SpiceJet is now on a clear trajectory towards stronger operational and positive financial performance in the second half of the year. Our loads of over 84% confirm strong demand for the product and with the winter schedule now in operations there are more high-yield routes in the pipeline. I am also delighted to welcome Sanjay Kumar back to the SpiceJet family ' his leadership will play a key role in accelerating our transformation. Q3 marks the beginning of a new phase of scale, strength, and profitability for SpiceJet.' SpiceJet is a low-cost Indian airline. It is an IATA-IOSA certified carrier operating Boeing 737s and Q-400s, and a leading regional player under the UDAN scheme.Powered by Capital Market - Live

Net Loss of SpiceJet reported to Rs 621.29 crore in the quarter ended September 2025 as against net loss of Rs 457.87 crore during the previous quarter ended September 2024. Sales declined 14.38% to Rs 730.14 crore in the quarter ended September 2025 as against Rs 852.78 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales730.14852.78 -14 OPM %-59.64-44.04 - PBDT-446.17-300.63 -48 PBT-621.49-458.26 -36 NP-621.29-457.87 -36 Powered by Capital Market - Live

SpiceJet has postponed the meeting of the Board of Directors which was scheduled to be held on 7 November 2025. The meeting will now be held on 12 November 2025.Powered by Capital Market - Live

SpiceJet will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

SpiceJet announced the appointment of Sanjay Kumar as Executive Director, effective 03 November 2025. In his new role, Kumar will lead the airline's strategic initiatives focused on expansion, operational excellence, and business transformation as SpiceJet embarks on its next phase of growth. He will report directly to the Chairman and Managing Director, Ajay Singh. Sanjay Kumar brings with him over three decades of rich experience in the aviation sector, with extensive expertise across network planning, revenue management, marketing, and commercial strategy. Having served in senior leadership positions in leading Indian airlines, Kumar has been instrumental in shaping the low-cost aviation landscape in India. For close to 12 years, Kumar served as Chief Commercial Officer at IndiGo and for a little over three years as its Chief Strategy & Revenue Officer. He has also held key leadership positions, including President & CEO at InterGlobe Technology Quotient and Chief Operating Officer at AirAsia India, among others.Powered by Capital Market - Live

With these two additions, a total of five aircraft have joined the airline's fleet this month as part of its aggressive winter expansion plan. Both aircraft have now commenced commercial operations. The airline had earlier inducted two Boeing 737s and one wide-body Airbus A340 aircraft this month. The expansion aligns with the airline's strategy to cater to the strong travel demand during the festive and holiday season. In total, SpiceJet plans to add 20 aircraft between October and November. Debojo Maharshi, chief business officer, SpiceJet, said: Our latest inductions and the return of another 737 MAX to active service mark another strong step in SpiceJet's growth story. This is one of our largest-ever expansion phases, driven by a clear focus on meeting the surge in travel demand and offering our passengers more destinations, enhanced connectivity, and greater convenience. By December 2025, our expanded fleet will help us more than double capacity and triple our ASKM, marking a major milestone in our growth journey. SpiceJet is a low-cost Indian airline. It is an IATA-IOSA certified carrier operating Boeing 737s and Q-400s, and a leading regional player under the UDAN scheme. On a consolidated basis, SpiceJet reported net loss of Rs 233.85 crore in Q1 June 2025 as against net profit of Rs 158.31 crore in Q1 June 2024. Net sales declined 35.62% YoY to Rs 1059.88 crore in Q1 June 2025. The scrip rose 0.91% to currently trade at Rs 38.80 on the BSE. Powered by Capital Market - Live

SpiceJet today announced the launch of special, non stop flights from Mumbai and Ahmedabad to Najaf, Iraq - one of the holiest cities in the world for Muslims. With this launch, SpiceJet becomes the only Indian airline to operate direct flights to Najaf, offering pilgrims a seamless travel experience that eliminates long journeys and multiple stopovers. Flights from Mumbai to Najaf will begin on 18 October 2025, while services from Ahmedabad will start on 19 October 2025. Powered by Capital Market - Live

The induction includes an Airbus A340 wide-body jet and two Boeing 737s, which will start operations between October 10 and 11. The move is part of SpiceJet's broader strategy to ramp up capacity and meet the surge in travel demand during the upcoming festive and holiday season. The airline said a total of 20 aircraft are set to join its operational fleet between October and November under a damp lease model. In addition, four previously grounded planes will be brought back into service by mid-December. With these additions, SpiceJet aims to more than double its operational fleet and triple its available seat kilometers (ASKM) this winter. The airline also plans to introduce new routes, increase flight frequencies, and expand its destination network. SpiceJet is a low-cost Indian airline. It is an IATA-IOSA certified carrier operating Boeing 737s and Q-400s, and a leading regional player under the UDAN scheme. On a consolidated basis, SpiceJet reported net loss of Rs 233.85 crore in Q1 June 2025 as against net profit of Rs 158.31 crore in Q1 June 2024. Net sales declined 35.62% YoY to Rs 1059.88 crore in Q1 June 2025. Powered by Capital Market - Live