Overview
- SpiceJet shares jumped about 14% intraday on Dec. 8 with BSE volumes more than twice the two‑week average, then logged a third straight gain on Dec. 9.
- Chairman Ajay Singh said the carrier will run 100 additional flights to support stranded travelers as operational failures at IndiGo redirect demand.
- The airline added two Boeing 737s that entered service on Nov. 26 and 29, deploying them on routes such as Delhi–Bangkok, Ahmedabad–Dubai, and Ahmedabad–Kolkata.
- IndiGo has cancelled over 2,000 flights in six days, and the DGCA issued a show‑cause notice to CEO Pieter Elbers over large‑scale disruptions and compliance lapses.
- Despite the rebound, Q2 FY25 revenue fell 23.1% to Rs 828 crore with a net loss of Rs 634 crore, and promoter pledging rose to 47.69%, while technical analysts frame the move as a short‑term countertrend.