SpiceJet Forecasts Turnaround Despite Q2 2025 Losses

In the quarter ended September 30, 2025, low-cost carrier SpiceJet reported a wider consolidated net loss of ₹621.49 crore, compared to a net loss of ₹458.26 crore in the same quarter last year. The airline's consolidated revenue from operations also declined 13% to ₹792 crore during this period.

Multiple factors, including foreign exchange loss, additional expenses related to grounded and reinstated aircraft, and airspace restrictions, impacted SpiceJet's bottom line. The company incurred costs of ₹120 crore related to the grounded fleet and ₹30 crore for aircraft that returned to service.

Despite the challenging quarter, SpiceJet Chairman and Managing Director Ajay Singh remains optimistic about the airline's future. He stated that the short-term costs related to fleet revival and expansion are strategic investments that will start yielding results from the current quarter onward. With aircraft additions underway and the network expanding rapidly, the airline is on a clear trajectory towards stronger operational and positive financial performance in the second half of the fiscal year.