Financial Highlights

• The net worth position has strengthened significantly, rising to INR 446 Crore compared to the earlier deficit of INR 2,398 Crore (in Q1 FY25)
• Operating Loss of INR 78 Crore in Q1 FY26
• Net Loss: INR 238 Crore in Q1 FY26, impacted by costs related to grounded aircraft and expenses towards their return to service; compared to a net profit of INR 150 Crore in Q1 FY25
• EBITDA: INR (18) Crore in Q1 FY26 vs INR 402 Crore in Q1 FY25
• PLF: Maintained a healthy Passenger Load Factor of 86%
• Total passenger RASK stands at INR 4.74

Key Operational Highlights

• Lease Restructuring: Finalised terms with Carlyle Aviation Management Limited to restructure its entire lease obligations worth $121.18 million
• Capacity Expansion: Secured lease agreements for 10 Boeing 737 aircraft to be inducted from October 2025; discussions underway for additional inductions of narrow body and wide body aircraft during winters
• Smart Lease Program: Ongoing discussions on damp lease arrangements to strengthen network reliability
• Safety Excellence: Achieved zero Level 1 findings in DGCA safety audits for over a year
• Network Expansion: Added Kathmandu to international operations
• Haj Operations: Successfully transported nearly 15,500 pilgrims from Gaya, Srinagar, Guwahati, and Kolkata to Jeddah and Medina

GURUGRAM, September 5, 2025: SpiceJet today announced its financial results for the quarter ended June 30, 2025 (Q1 FY26), reporting a net loss of INR 238 Crore compared to a net profit of INR 150 Crore in Q1 FY25. The results were significantly impacted by geo-political situation with a neighbouring country and airspace restrictions in key markets, which led to subdued leisure travel demand. The delay in returning grounded aircraft to service, owing to global supply chain disruptions and engine overhaul challenges, further compounded the situation.

On an EBITDA basis, the airline reported INR (18) Crore in Q1 FY26 compared to INR 402 Crore in Q1 FY25. Passenger Revenue per Available Seat Kilometre (PAX RASK) stood at INR 4.74. Passenger Load Factor (PLF) remained strong at 86%, underscoring SpiceJet’s resilience and continued customer preference.

The airline’s net worth improved to INR 446 Crore, compared to a negative INR 2,398 Crore in Q1FY25, reflecting successful financial restructuring initiatives.

Ajay Singh, Chairman and Managing Director, SpiceJet, said, “This quarter’s results reflect the extraordinary challenges faced by the aviation industry, including geopolitical turbulence, restricted air routes, and supply chain disruptions. Despite these headwinds, SpiceJet continues to demonstrate resilience. We are taking decisive steps to enhance fleet reliability, reduce costs, and expand our network. With India’s aviation and tourism sectors among the fastest-growing globally, we remain confident of a strong recovery trajectory in the coming quarters.”

About SpiceJet:
SpiceJet is India's favourite airline that has made flying affordable for more Indians than ever before. SpiceJet is an IATA-IOSA certified airline that operates a fleet of Boeing 737s & Q-400s and is one of the country's largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airline's fleet offers SpiceMax, the most spacious economy-class seating in India.