SpiceJet Suffers Rs 621 Crore Loss in Q2! Will Fleet Expansion Spark a Comeback This Year?

SpiceJet's consolidated net loss for the quarter ended September 30, 2025 (Q2 FY26) widened to Rs 621.49 crore, compared to Rs 458.26 crore in the same quarter last year (Q2 FY25). Consolidated revenue from operations saw a decline of 13%, dropping to Rs 792 crore from Rs 915 crore. On a standalone basis, the company reported a net loss of Rs 635.42 crore. Key factors impacting the airline's financial performance included foreign exchange losses and significant expenses related to its grounded fleet (Rs 120 crore) and aircraft returning to service (Rs 30 crore). Continued airspace restrictions also escalated operating costs.

Impact This news is significantly negative for SpiceJet's short-term stock performance and investor sentiment. However, the company's forward-looking statements about positive performance in H2 FY26 due to fleet expansion might offer some optimism for long-term investors. The airline sector is sensitive to operational costs and regulatory issues. Rating: 6/10.

Difficult terms: Consolidated Net Loss: The total loss of a company and its subsidiaries after all expenses and taxes are accounted for. Foreign Exchange Loss: A loss incurred due to fluctuations in currency exchange rates when a company has transactions or assets/liabilities in foreign currencies. Grounded Fleet: Aircraft that are temporarily or permanently out of service, incurring maintenance and parking costs without generating revenue. EBITDAR: Earnings Before Interest, Taxes, Depreciation, Amortisation, and Rent. It's a measure of a company's operating performance before accounting for financing, accounting decisions, and lease obligations. PAX RASK: Passenger Revenue per Available Seat Kilometre. A key metric measuring how much revenue an airline earns per passenger flown per kilometre. Passenger Load Factor (PLF): The percentage of total available passenger capacity that was actually used by passengers during flights.