Particle.news
Download on the App Store
8 ARTICLES
·
last mo.

SpiceJet Swings to Q1 Loss as Airspace Curbs and Grounded Jets Hit Revenue

Management outlines damp-lease inductions from October to restore capacity, with net worth rebounding to Rs 446 crore.

Image
FILE PHOTO: A SpiceJet passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International Airport in Mumbai.
Image
SpiceJet posts Rs 238 crore loss in Q1 FY26 on airspace curbs, supply chain woes

Overview

  • The carrier reported a consolidated net loss of about Rs 238 crore for Q1 FY26 versus a profit a year earlier.
  • Revenue fell sharply to roughly Rs 1,190.56 crore year on year, and the airline posted an EBITDA loss of Rs 18 crore.
  • SpiceJet attributed the quarter’s weakness to regional airspace restrictions and delays in returning grounded aircraft due to supply-chain and engine-overhaul bottlenecks.
  • Passenger metrics held up with PAX RASK at Rs 4.74 and a load factor of 86%, even as domestic market share was about 2% in July.
  • The company said it has secured leases for 10 Boeing 737s for induction from October 2025 under damp-lease arrangements, and shares closed down 1.6% at Rs 34.45 after the results.