SpiceJet shares rise 5% as airline expects operational fleet to double by 2025-end

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26 Aug, 2025 12:21

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The shares of SpiceJet jumped more than 5 percent on November 17 after the airline said that it expects its operational fleet to double by the end of this year, driving a sharp expansion in network reach and scale.

The shares of the company rose to Rs 37.40 apiece in the early trading hours of Monday.

SpiceJet in its investor presentation released on Monday said that is operational fleet reduced to 19 in September from 21 in June. "SpiceJet aims to bring up to eight of its grounded Boeing aircraft back into service by April 2026, including four in the early winter period to meet peak travel demand. Two have already rejoined the fleet, up to two more ungrounded and inducted into the fleet by December 2025, and the remaining four are planned to return by early summer 2026,” it said.

"By the end of 2025, SpiceJet aims to double its operational fleet and nearly triple its Available Seat Kilometers (ASKM)," it added, while noting that this would mark a significant milestone in its growth journey.

SpiceJet further said that higher capacity and better aircraft utilisation are expected to materially improve CASK and lift overall profitability. “Liability restructuring remains an ongoing process and significant liability is expected to be restructured in Q3 and Q4, thereby strengthening the balance sheet,” it added.

The airline aims to bring up to eight of its grounded Boeing aircraft back into service by April 2026. Two planes have already rejoined the fleet and up to two more will rejoin the fleet by December 2025. The remaining four are planned to return by early summer of 2026.

SpiceJet on November 12 reported that its consolidated net loss has widened to Rs 621 crore for the July-September quarter of FY26, hurt by a drop in its passenger traffic and mounting foreign exchange losses. It reported net loss of Rs 458 crore in the year-ago period.

The airline's consolidated revenue from operations declined 13% to Rs 792 crore in Q2FY26 as compared to Rs 915 crore in Q2FY25.

"The results for the seasonally weak quarter were primarily driven by impact of recalibrating Dollar based future obligations along with carrying cost of grounded fleet and additional expenses incurred towards RTS. Continued airspace restrictions negatively impacted operations and resulted in a sharp escalation in operating costs, further weighing on the quarter’s performance," said SpiceJet in a stock exchange filing.

SpiceJet shares have gained more than 12 percent in the past one month, but fell over 18 percent in the past six months. The stock is down more than 35 percent in 2025 so far.

Its P/E ratio currently stands at over 10.

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