Overview
- SpiceJet reported a Q2 FY26 net loss of Rs 635.42 crore including foreign-exchange adjustments, with an ex-FX net loss of Rs 447.70 crore.
- Total income declined year-on-year to Rs 835.31 crore, reflecting a weak travel quarter and capacity constraints.
- The company cited rupee-driven FX losses, Rs 120 crore in grounded-fleet carrying costs, Rs 30 crore for return-to-service work, and airspace restrictions as key drags.
- Management said it completed a $24 million settlement with Credit Suisse and secured $89.5 million via a Carlyle Aviation settlement, unlocking maintenance reserves and bolstering liquidity.
- SpiceJet finalized leases for 19 aircraft and is reactivating grounded planes, saying it is on track to more than double its fleet and triple ASKM during the winter schedule as it targets stronger H2 performance.