Spicejet Ltd

The move comes close on the heels of the Board's approval for a calibrated fleet ramp-up to 60 aircraft through a mix of wet and damp leases, along with the phased return of grounded planes. The airline said it has doubled its capacity in the last quarter, with Available Seat Kilometres (ASKMs) rising from about 55 crores to 105 crores. Riding on the momentum, SpiceJet plans to scale up capacity to 220 crore ASKMs by Winter 2026 and operate over 300 daily flights, aiming to strengthen connectivity, enhance operational reliability and meet rising passenger demand through disciplined growth. Debojo Maharshi, chief business officer (CBO), SpiceJet, said, 'Doubling our capacity in the last quarter has been a significant milestone, and the plans we have in place to more than double it further this year reflect growing confidence in the business and strong demand across the network. The receipt of this MoU is an encouraging development as we continue to rebuild and expand our operations in a measured manner. Our focus remains on restoring capacity, strengthening connectivity and improving reliability for our passengers.' SpiceJet is engaged in the business of providing air transport services for the carriage of passengers and cargo and other allied activities. The company reported consolidated net loss of Rs 241.57 crore in Q3 FY26 as against net profit of Rs 20.44 crore in Q3 FY25. Revenue from operations jumped 14.1% year on year to Rs 1,345.47 crore in Q3 FY26. Powered by Capital Market - Live

SpiceJet has received a Memorandum of Understanding (MoU) for the induction of 10 aircraft, marking another important step in the airline's ongoing capacity expansion and network rebuilding efforts. This development follows the Board's approval, announced last week, for a calibrated ramp-up of the fleet to 60 aircraft through a mix of wet and damp leases, along with the phased return to service of existing grounded aircraft. SpiceJet's recovery has gathered pace in recent months. The airline doubled its capacity in the last quarter, with Available Seat Kilometres (ASKMs) rising from around 55 crore to 105 crore, reflecting a sharp increase in network strength. Building on this momentum, SpiceJet plans to more than double its capacity during the year, targeting 220 crore Available Seat Kilometres by Winter 2026, while operating over 300 daily flights across its network. The expansion is aimed at strengthening connectivity, improving operational reliability and meeting strong passenger demand, while maintaining a disciplined and sustainable approach to growth. Debojo Maharshi, Chief Business Officer, SpiceJet, said, 'Doubling our capacity in the last quarter has been a significant milestone, and the plans we have in place to more than double it further this year reflect growing confidence in the business and strong demand across the network. The receipt of this MoU is an encouraging development as we continue to rebuild and expand our operations in a measured manner. Our focus remains on restoring capacity, strengthening connectivity and improving reliability for our passengers.'Powered by Capital Market - Live

Muthoot Finance Ltd, Blue Jet Healthcare Ltd, Lumax Auto Technologies Ltd and Cohance Lifesciences Ltd are among the other losers in the BSE's 'A' group today, 13 February 2026.SpiceJet Ltd lost 14.85% to Rs 17.38 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 330.6 lakh shares were traded on the counter so far as against the average daily volumes of 85.37 lakh shares in the past one month.Muthoot Finance Ltd tumbled 11.52% to Rs 3600.15. The stock was the second biggest loser in 'A' group.On the BSE, 3.52 lakh shares were traded on the counter so far as against the average daily volumes of 27471 shares in the past one month.Blue Jet Healthcare Ltd crashed 10.00% to Rs 397.45. The stock was the third biggest loser in 'A' group.On the BSE, 40861 shares were traded on the counter so far as against the average daily volumes of 18388 shares in the past one month.Lumax Auto Technologies Ltd corrected 9.74% to Rs 1615.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 63045 shares were traded on the counter so far as against the average daily volumes of 21552 shares in the past one month.Cohance Lifesciences Ltd pared 9.16% to Rs 318.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 30582 shares in the past one month.Powered by Capital Market - Live

Net loss of SpiceJet reported to Rs 261.38 crore in the quarter ended December 2025 as against net profit of Rs 20.44 crore during the previous quarter ended December 2024. Sales rose 14.14% to Rs 1345.47 crore in the quarter ended December 2025 as against Rs 1178.76 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1345.471178.76 14 OPM %-13.44-15.92 - PBDT-95.45168.76 PL PBT-241.8920.27 PL NP-261.3820.44 PL Powered by Capital Market - Live

SpiceJet will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

SpiceJet will launch non-stop flights connecting Ahmedabad with Sharjah starting 05 February 2026. The new service further expands the airline's international network and strengthens air connectivity between India and the UAE. With this addition, Sharjah becomes the airline's second destination in the UAE after Dubai. The new service will operate five days a week, except Tuesday and Wednesday, offering passengers' greater flexibility and convenience for travel to the Middle East. Ahmedabad is a key economic and cultural hub with strong trade, tourism, and diaspora links to the UAE, making Sharjah a natural and strategic addition to SpiceJet's international network. The Ahmedabad-Sharjah flights will complement SpiceJet's existing international services and cater to the growing demand from business travellers, tourists, and the large Indian expatriate community in the region. Powered by Capital Market - Live

SpiceJet has inducted two Boeing 737 aircraft into its fleet, further strengthening its operational capability and capacity across key domestic and international routes. Both aircraft have completed all regulatory formalities and have already entered commercial service. They commenced operations on November 26 and 29, respectively, and are currently deployed on key routes including Delhi-Bangkok, Ahmedabad-Dubai and Ahmedabad-Kolkata. Powered by Capital Market - Live

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