SpiceJet reported a net loss of Rs 234 crore in the first quarter of FY26. In the same quarter of FY25, the company had posted a net profit of Rs 158 crore.
Spice Jet’s revenue from operations also declined by 34 per cent in the quarter. The company posted a revenue of Rs 1,120 crore in Q1 FY26. In the corresponding quarter of FY25, the airline’s revenue stood at Rs 1,708 crore.
As for EBITDA, Spice Jet reported net losses of Rs 18 crore in Q1 FY26 26 while in Q1 FY25, the company’s EBITDA stood at Rs 402 Crore. SpiceJet’s Passenger Revenue per Available Seat Kilometre stood at Rs 4.74. And Passenger Load Factor (PLF) remained at 86 per cent. ,
What caused the drop
In a statement, SpiceJet said the results were significantly impacted by the geopolitical situation with a neighbouring country and airspace restrictions in key markets, which led to subdued leisure travel demand.
“The delay in returning grounded aircraft to service, owing to global supply chain disruptions and engine overhaul challenges, further compounded the situation,” the company said
SpiceJet Chairman and Managing Director Ajay Singh said that this quarter’s results reflect the extraordinary challenges faced by the aviation industry, including geopolitical turbulence, restricted air routes, and supply chain disruptions.
He also said the airline is taking decisive steps to enhance fleet reliability, reduce costs, and expand the network.
SpiceJet’s net worth increases
According to the statement’s the company’s net worth rose to Rs 446 crore in Q1 compared to a negative of Rs 2,398 crore in the year-ago period.
Among other efforts, the airline is having discussions for taking aircraft on damp-lease arrangements to strengthen its network reliability. Generally, in a damp lease, the lessor provides the aircraft, along with the maintenance, but not the crew and insurance
Meanwhile, in July, SpiceJet had a domestic market share of 2 per cent, as per official data.
SpiceJet share performance
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