SpiceJet posted a consolidated net loss of Rs621 crore in Q2 FY26, widening from Rs458 crore a year earlier as revenue fell 13% year‑on‑year. Management cited large forex swings, costs from a partially grounded fleet and return‑to‑service work despite plans to revive capacity.
Discovered |
Briefing
The result quantifies the cost of SpiceJet's fleet revival: a Rs621 crore Q2 loss and 13% revenue decline driven by forex swings, grounded-aircraft expenses and return‑to‑service work; these outcomes follow the carrier's move to restructure lessor debt and add leased jets.
The quarter reinforces ongoing liquidity and legal pressures at the carrier — including earlier salary delays amid a heavily grounded fleet and a recent court recovery summons — while large FX hits have also affected peers in India, exemplified by a substantial IndiGo foreign‑exchange charge.
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SpiceJet Forecasts Triple‑Digit Revenue Growth Driven by Fleet Expansion and Financial Restructuring • travelandtourworld.com
