SpiceJet Q2 Results: Net loss widens to ₹621 crore, revenue drops 13% YoY

Budget airline SpiceJet today announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), reporting a net loss of ₹621 crore, compared to a net loss of ₹458 crore in Q2 FY25.

The losses widened further on a quarter-on-quarter (QoQ) basis, as the company had reported a net loss of ₹234 crore in the preceding June quarter (Q1 FY26).

Revenue from operations also declined 13% year-on-year (YoY) to ₹792 crore, compared to ₹915 crore posted in the same quarter of the previous financial year.

The results for this seasonally weak quarter were primarily impacted by the recalibration of dollar-based future obligations, the carrying cost of the grounded fleet, and additional expenses incurred towards the return-to-service (RTS) of aircraft.

Moreover, continued airspace restrictions negatively affected operations, leading to a sharp escalation in operating costs, which further weighed on the quarter’s performance.

(more to come)

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