SpiceJet sinks into losses in Q1 as fleet & operational issues weigh
SpiceJet slipped into the red in the June quarter as grounded aircraft, restricted air routes and weaker travel sentiment dragged down earnings along with decline in freight business.
The carrier reported a consolidated net loss of Rs 234 crore for the three months ended June 30, against a profit of Rs 158.2 crore in the year-ago period and Rs 341.9 crore in the March quarter.
Revenue from operations fell 34% year-on-year to Rs 1,120.2 crore from Rs 1,708.2 crore and dropped 24% sequentially from Rs 1,465.6 crore. The decline in revenue outpaced cost savings, with total expenses shrinking 25% to Rs 1,435 crore compared with Rs 1,919.6 crore a year earlier and Rs 1,616.3 crore in March 2025. At the operating level, EBITDA came in negative at Rs 18 crore, compared with a positive Rs 402 crore in the same quarter last year.
