SpiceJet shares fell to a 52-week low of ₹8.35 on September 15, 2026, following protests by passengers stranded at Delhi airport for over 24 hours. The airline, currently battling a severe liquidity crisis and a shrinking fleet, faces growing scrutiny as operational instability continues to impact its service reliability.
SpiceJet shares touched a 52-week low of ₹8.35 on September 15, 2026, as the airline grapples with intensifying operational and financial challenges. The stock price movement comes alongside reports of passenger protests at Delhi’s Indira Gandhi International Airport, where travelers scheduled for Dubai flights SG 5111 and SG 5105 were left stranded for more than 24 hours. Passengers expressed significant frustration over the lack of communication, food, and basic support, forcing airport personnel to intervene with assistance.
The airline attributed the disruption to operational complications following the unexpected grounding of an aircraft. For investors, this incident is the latest in a series of service-related issues that reflect the company's broader struggle to maintain a stable schedule. As of early September 2026, the airline’s fleet has reportedly shrunk to just 11 active aircraft, limiting its ability to manage unexpected technical faults.
Financial data indicates that SpiceJet is navigating a difficult period characterized by severe liquidity issues. The airline has reported delays in staff salary payments and is struggling to keep its operations running at previous levels. Its domestic market share has declined significantly, dropping to 1.6% in July 2026. This trend highlights the difficulties the carrier faces in competing within a sector where reliability and fleet size are critical for maintaining passenger trust and revenue.
Regulatory authorities, including the Directorate General of Civil Aviation and the Civil Aviation Ministry, are reportedly monitoring the situation closely. The combination of falling market share, a reduced fleet, and frequent service disruptions has raised questions about the company's long-term operational stability.
Investors are keeping a close watch on how the company manages these liquidity constraints and whether it can prevent further operational grounding. The primary monitorables for the coming weeks will include updates on the airline's fleet availability, any potential regulatory action, and its ability to secure the necessary funding to stabilize its day-to-day services.