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SpiceJet Q3 FY26: revenue up 77% but posts ~Rs 269 crore loss; grounded fleet, weak rupee and airspace closures bite

SpiceJet reported a Q3 FY26 net loss of about Rs 269 crore while revenue surged 77% year-on-year, citing a grounded fleet, rupee depreciation and airspace closures; one report put the loss substantially higher and the stock slipped over 3% on the results.

Discovered 2026-02-12T20:31:46.626237-08:00 | 2026-02-12T20:31:46.626237-08:00

Briefing

What Hype is tracking

SpiceJet's results show revenue momentum (+77%) but continued operating strain: the carrier reported a roughly Rs 269 crore Q3 loss, with grounded aircraft, currency weakness and airspace disruption cited as core drivers. This follows recent balance-sheet moves to cut liabilities [source:bca624b5-869b-4916-9b90-ca1d8895079d].
The report reinforces systemic stress across Indian carriers this fiscal year and aligns with industry-wide downside forecasts for FY26 from ICRA and others [source:e1ee3a7d-1c73-4d4d-b39c-d5b24355af2b].
Operational disruptions and airspace-related impacts continue to translate into measurable financial hits for network carriers, echoing other recent crises that have pushed airline results and guidance lower [source:de583309-caa4-4721-8461-26c5d7019117].

Reported By

Economic Times newsable.asianetnews.com ANI News Agency AirInsight Business Standard Times of India