SpiceJet Shares Soar 13.6% as Airline Expands Winter Network with New Routes to Port Blair, Udaipur, and Ayodhya

Mumbai, October 9, 2025: The shares of airline major SpiceJet Ltd (BSE: 500285) surged 13.63% to ₹32.44 in morning trade on Thursday, after the company announced a series of new routes and expansions ahead of the festive and winter travel season. The airline announced new routes to the Andaman and Nicobar Islands (Port Blair), Rajasthan (Udaipur), and Ayodhya, as travel demand for these cities continues to rise.

Stock Price Movement (10:45 AM)

As of 10:45 a.m., the stock surged 13.63% to trade at ₹32.44, compared to its previous close of ₹28.55, reflecting strong intraday momentum. The rally pushed its market capitalization to ₹4,158.77 crore, supported by a robust turnover of ₹156.43 crore. The stock’s performance remains within a 52-week range of ₹28.13–₹68.98, suggesting ample room for recovery toward its yearly high.

SpiceJet’s Expansion Drive

The company has announced a series of expansion plans and new flight routes, underlining an aggressive expansion strategy for the upcoming season. The airline will now fly daily to Port Blair and Udaipur from Delhi, Mumbai and Kolkata. The airline also plans to double its fleet and daily flights in the winter, driven by strong domestic demand. The company has also announced special daily flights to major pilgrimage sites, including Ayodhya, from Delhi, Bengaluru, Ahmedabad, and Hyderabad, starting October 8, with plans to establish direct connectivity to Mumbai as well.

The winter schedule includes flights to destinations such as Port Blair and Udaipur, and the festive season will see an increase in connectivity to Ayodhya. To meet this, the airline plans to increase its fleet size and flight frequency. Passenger demand is expected to rise with tourism-driven routes and the upcoming Diwali holiday.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachHis/12403766-f5c0-464b-9205-6c83fe5cdf9e.pdf

https://www.bseindia.com/xml-data/corpfiling/AttachLive/c119e961-70ba-436d-8ce7-03e2c9ecb8e5.pdf

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