Spicejet Ltd.SPICEJET₹32.40 +13.49%

Shares of Spicejet Ltd. surged over 13%, reaching an intraday high of ₹33.66 apiece, after the airline announced an ambitious winter expansion plan that will see it more than double its operational fleet and daily flights to meet soaring travel demand. The expansion is marked by the launch of new daily direct services to two highly sought-after winter destinations: Port Blair and Udaipur.

The airline is set to operate daily flights connecting Kolkata and Delhi to Port Blair, the capital of the Andaman and Nicobar Islands. Additionally, SpiceJet will begin daily non-stop flights to Udaipur, the city of lakes, from both Delhi and Mumbai. Flights to Port Blair have already commenced, while the new daily non-stop services to Udaipur will begin on November 6, 2025.

The move is part of SpiceJet’s larger commitment to strengthen its domestic network and provide seamless, affordable travel. The airline, which is certified by IATA-IOSA, operates a fleet of Boeing 737s and Q-400s and is one of the country’s largest regional players. The significant increase in fleet size and the addition of new routes are intended to maximize capacity during the peak winter travel season.

About the company

SpiceJet is recognized as India’s preferred low-cost airline, successfully connecting remote areas and operating the maximum number of flights under the UDAN regional scheme. The carrier aims to make flying affordable and comfortable for Indians, operating about 250 daily flights to 48 destinations with a fleet that includes Boeing 737 Max and Q400 aircraft.

The airline reported a significant net loss of ₹238 crore in Q1 FY26, reversing a profit from the preceding quarter and the year-ago period. Revenue from operations fell 23.5% sequentially to ₹1,106 crore, as a drop in fuel costs was offset by ₹186 crore spent on grounded and ungrounding aircraft. Operational capacity shrank by 28.4% YoY, and the load factor slipped to 85.9%, though the airline remains focused on recovering ∼10 grounded aircraft by April 2026.

Note: The stock price mentioned is as of 12:40 pm.

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