Has SpiceJet's net loss widened to Rs 621 crore in Q2 FY26?
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Synopsis
SpiceJet faces a growing challenge as its net loss for Q2 FY26 reaches a staggering Rs 621 crore, reflecting a significant increase from the previous year. Despite operational difficulties, the airline aims for recovery and growth in the coming months. Will SpiceJet's strategic investments turn the tide?
Key Takeaways
- SpiceJet's net loss has widened to Rs 621 crore in Q2 FY26.
- The airline's revenue fell by 13 percent year-on-year.
- Operational challenges have significantly impacted the performance.
- Strategic investments are underway, aimed at recovery.
- Passenger load factor remains strong at 84.3 percent.
New Delhi, Nov 12 (NationPress) The low-cost airline SpiceJet announced a significantly increased consolidated net loss of Rs 621 crore for the quarter ending September 30, 2025, compared to a loss of Rs 458 crore during the same quarter last year.
According to an exchange filing, the airline's consolidated revenue from operations decreased by 13 percent, falling to Rs 792 crore from Rs 915 crore in Q2FY25.
The results from this traditionally weaker quarter were primarily influenced by the recalibration of dollar-based future obligations, the financial burden of a grounded fleet, and additional costs related to RTS.
Airspace restrictions continued to adversely affect operations, causing a significant rise in operating costs, which further impacted the quarter’s results, as noted by the airline.
In Q2 FY26, the airline recorded an operating loss of Rs 297 crore. On an EBITDAR (ex-forex) basis, the loss stood at Rs 203.80 crore, compared to a loss of Rs 58.87 crore the previous year.
“While the results reflect short-term expenses tied to fleet recovery and growth, these are strategic moves poised to yield results starting this quarter,” stated Ajay Singh, Chairman and Managing Director of SpiceJet.
“With aircraft additions already in progress and our network expanding swiftly, SpiceJet is set on a clear path towards improved operational and financial performance in the latter half of the year,” Singh added.
The passenger revenue per available seat kilometer (PAX RASK) reached Rs 4.04, up from Rs 3.91 in Q2 FY25, while the passenger load factor (PLF) remained strong at 84.3 percent, according to the airline's release.
“The Passenger Load Factor (PLF) of 84.3 percent highlights SpiceJet’s robust brand loyalty and customer orientation,” it concluded.
Point of View
It is imperative to recognize the ongoing challenges faced by SpiceJet. Despite the considerable losses reported, the airline’s commitment to strategic investments suggests a focused effort towards recovery. The future of this low-cost carrier will depend on its ability to navigate operational hurdles while enhancing customer trust and brand loyalty.
NationPress
12/11/2025
Frequently Asked Questions
What was SpiceJet's net loss in Q2 FY26?
SpiceJet reported a net loss of Rs 621 crore for the quarter ended September 30, 2025.
How much did SpiceJet's revenue decline?
The airline's revenue from operations decreased by 13 percent, falling to Rs 792 crore from Rs 915 crore in Q2FY25.
What are the main factors affecting SpiceJet's performance?
The main factors include recalibrating dollar-based obligations, costs associated with a grounded fleet, and airspace restrictions.
What is the outlook for SpiceJet moving forward?
SpiceJet aims for recovery and growth, with strategic investments expected to yield results in the upcoming quarters.
How did SpiceJet's passenger load factor perform?
SpiceJet's passenger load factor remained robust at 84.3 percent, indicating strong brand affinity.
