Overview
- Net loss for Q2 FY26 came in at Rs 621 crore versus Rs 457.8 crore a year earlier, with revenue down 13% to Rs 792.42 crore.
- EBITDA (ex-forex) improved to Rs 203.80 crore from Rs 58.87 crore, while net loss ex-forex widened to Rs 447.70 crore; passenger load factor was 84.3%.
- Management cited recalibration of dollar-based obligations, carrying costs of grounded aircraft and return-to-service expenses, and also noted airspace restrictions pressured operations.
- SpiceJet completed a $24 million settlement with Credit Suisse and secured $89.5 million via a Carlyle Aviation settlement, unlocking maintenance reserves and boosting liquidity.
- The carrier finalized leases for 19 aircraft and is reactivating grounded planes to rebuild capacity and expand international services; shares closed up 4.17% at Rs 35.48.