SpiceJet Q2 FY26 Loss Widens to ₹635 Crore; Expects Turnaround in Second Half

New Delhi, November 12, 2025: SpiceJet announced its financial results for the quarter ended September 30, 2025, reporting a widened net loss of ₹635.42 crore, compared with a loss of ₹447.54 crore in the same quarter last year. Excluding foreign exchange losses, the net loss stood at ₹447.70 crore, up from ₹424.26 crore in Q2 FY25.

Revenue and Operating Performance

The company’s total income declined to ₹835.31 crore in Q2 FY26, down from ₹1,078.21 crore in the same quarter last year. Grounded fleet expenses were recorded at ₹120 crore, with an additional ₹30 crore spent on aircraft returning to service.

On an EBITDA (ex-forex) basis, the company posted a loss of ₹203.80 crore, compared with a loss of ₹58.87 crore in Q2 FY25. Passenger revenue per available seat kilometre (PRASK) stood at ₹4.04, while the passenger load factor (PLF) remained robust at 84.3%.

Management Outlook

Ajay Singh, Chairman and Managing Director of SpiceJet, stated that this quarter’s results reflect short-term costs related to fleet revival and expansion, which are expected to deliver results from the current quarter onwards.

He added that new aircraft are being added and the network is expanding rapidly, putting SpiceJet on a clear path toward stronger operational performance and positive financial results in the second half of the year.

Fleet Expansion and Market Response

During the quarter, the company undertook one of its largest fleet enhancement programmes. It is finalising lease agreements for 19 aircraft as part of its ongoing revival plan. Following the results announcement, the share price of SpiceJet surged 4.17% today. In the last year, the shares have dipped 38%, 23% in the last six months, and 5% in the last month.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/4d505f4e-6d56-4b50-8b5e-e8b5e67c8bc6.pdf

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