SpiceJet shares skid 5% after Q1 loss; trade 60% off 52-week high

Shares of SpiceJet slipped over 5% in early trade on Monday after the low-cost carrier released its earnings report for the quarter ended June 30, 2025. Extending losses for the third straight session, the aviation stock opened lower at ₹33 against the previous close of ₹34.45, while it slipped as much as 5.37% to hit a low of ₹32.60 in early trade. Meanwhile, the equity benchmarks Sensex and Nifty were trading marginally higher by 0.15% each in the opening deals.

At current levels, SpiceJet’s share price is down around 60% from its 52-week high of ₹79.90 hit on September 16, 2024, and hovers just above its 52-week low of ₹31.25, touched on August 11, 2025.

SpiceJet shares witnessed selling pressure on Monday amid persistent concerns over the airline’s financial performance, elevated operating costs, and intense competition in the domestic aviation sector.

The revenue from operations declined 36% year-on-year (YoY) to ₹1,060 crore in Q1 FY26, from ₹1,646 crore in the corresponding quarter of the last financial year.

“This quarter’s results reflect the extraordinary challenges faced by the aviation industry, including geopolitical turbulence, restricted air routes, and supply chain disruptions,” said Ajay Singh, Chairman and Managing Director, SpiceJet.

“Despite these headwinds, SpiceJet continues to demonstrate resilience. We are taking decisive steps to enhance fleet reliability, reduce costs, and expand our network. With India’s aviation and tourism sectors among the fastest growing globally, we remain confident of a strong recovery trajectory in the coming quarters,” he added.

On an EBITDA basis, the airline reported a loss of ₹18 crore in Q1 FY26, sharply lower than the profit of ₹402 crore in the same quarter last year. Passenger Revenue per Available Seat Kilometre (PAX RASK) stood at ₹4.74, while Passenger Load Factor (PLF) remained healthy at 86%, the earnings report noted.

During the quarter under review, SpiceJet secured maintenance and overhaul slots to speed up the restoration of its grounded fleet, with 19 engines already dispatched to global engine shops, including seven for Boeing 737 NG aircraft, six for Boeing 737 MAX, and six for Q400 aircraft.

The airline expects to bring around 10 aircraft back into service by April 2026, with 4–5 returning as early as the upcoming winter to meet peak demand. In addition, the carrier has signed lease agreements for 10 Boeing 737 aircraft on a damp lease, scheduled for induction from October 2025, while discussions are ongoing for further narrow-body and wide-body additions during October and November 2025.

Separately, SpiceJet has finalised terms with Carlyle Aviation Management Limited to restructure lease obligations worth $121.18 million.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)