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SpiceJet Shares Drop After Q1 Loss as Revenue Slides

Management blamed airspace curbs plus supply‑chain delays, promising steps to restore capacity.

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SpiceJet shares tumble 5% after Rs 238 crore Q1 loss

Overview

  • The carrier reported a consolidated Q1 FY26 net loss of roughly Rs 234–238 crore versus a profit in the year-ago quarter.
  • Revenue declined to about Rs 1,120 crore from Rs 1,708 crore year on year, and EBITDA turned negative.
  • Executives cited regional geopolitical turbulence, airspace restrictions and delays in re‑inducting grounded aircraft due to supply‑chain and engine‑overhaul bottlenecks.
  • The stock fell as much as 5% intraday to Rs 32.60 and is down about 33% in six months and nearly 50% over one year.
  • SpiceJet pointed to firm demand indicators with a load factor of 86% and PAX RASK of Rs 4.74, and said it will prioritize fleet reliability, cost control and capacity restoration with net worth now positive at Rs 446 crore.