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

Budget airline SpiceJet today, November 12, announced its financial results for the quarter ended September 30, 2025 (Q2FY26), reporting a net loss of ₹621 crore, compared to a net loss of ₹458 crore in Q2FY25. 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 (Q1FY26).

Revenue from operations also declined 13.4% year-on-year (YoY) to ₹792 crore, compared to ₹915 crore posted in the same quarter of the previous financial year.