SpiceJet Share Price Soars Following Strong Q2 FY2026 Performance

Shares of low-cost carrier SpiceJet Ltd surged over 2.5% in early trade on November 13, 2025, a day after the airline reported its financial results for the second quarter of fiscal year 2026 (July-September), continuing a volatile trajectory amid ongoing operational challenges. The stock climbed 2.59% to an intraday high of Rs 36.40 on the BSE, with trading activity showing a relative strength index (RSI) of 67 and volume at 0.41 times the 30-day average, reflecting renewed investor interest despite a 33% decline over the past 12 months. This uptick follows a period of financial strain for the company, which has grappled with debt restructuring, aircraft grounding issues, and regulatory scrutiny from the Directorate General of Civil Aviation (DGCA) over safety compliance.

SpiceJet posted a consolidated net loss of Rs 621 crore for Q2 FY2026, marking a 35.6% widening from the Rs 458.26 crore loss in the corresponding quarter of the previous year, primarily due to elevated fuel costs, foreign exchange fluctuations, and reduced capacity amid fleet maintenance delays. Revenue from operations dipped 13.4% year-over-year to Rs 792 crore from Rs 915 crore, while the earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss expanded 15.7% to Rs 435 crore from Rs 376 crore. Additionally, the earnings before interest, taxes, depreciation, amortisation, and aircraft rent (EBITDAR) loss ballooned 70.5% to Rs 416 crore from Rs 244 crore, underscoring persistent cost pressures in a competitive aviation sector battered by high jet fuel prices and softening demand.

The results come against a backdrop of SpiceJet's aggressive recovery efforts, including the recent infusion of Rs 400 crore through preferential allotment to promoters and the settlement of dues with lessors like Willis Lease Finance Corp., which has allowed the reactivation of grounded Q400 turboprops. Operating around 250 daily flights to 48 domestic and international destinations with a fleet blending Boeing 737 Max and 700 series and Bombardier Q400 aircraft, the airline has prioritised route rationalisation and digital enhancements to bolster ancillary revenues. However, lingering liabilities exceeding Rs 4,000 crore and unresolved airport dues have hampered expansion, with passenger load factors hovering below industry averages in recent quarters.

Also Read: TN CM Stalin Announces Compensation for Victims of Police Vehicle Road Accident

Despite the deeper losses, the modest share price rebound signals cautious optimism from investors betting on SpiceJet's niche in short-haul routes and potential for merger synergies, as speculated in recent reports linking it to talks with rival carriers. Analysts remain divided, with some highlighting the company's undervalued assets like owners

Also Read: “Great Time Out There With Grandpa”: Kai Trump Begins College Golf Journey