The income from operations fell 36% on a year-on-year foundation to Rs 1,060 crore in comparison with Rs 1,646 crore within the corresponding quarter of the final monetary yr.
Within the earlier quarter, the corporate had reported a consolidated revenue after tax (PAT) of Rs 342 crore whereas the income from operations fell 24% on a sequential foundation versus Rs 342 crore in Q4FY25.
The Gurugram-based firm’s efficiency was considerably impacted by geo‐political scenario with a neighbouring nation and airspace restrictions in key markets, which led to subdued leisure journey demand, the corporate mentioned in an announcement.
The delay in returning grounded plane to service, owing to world provide chain disruptions and engine overhaul challenges, additional compounded the scenario, the submitting mentioned.
The corporate’s Incomes Earlier than Curiosity, Taxes, Depreciation and Amortisation (EBITDA) loss stood at Rs 18 crore in Q1FY26 in comparison with Rs 402 crore in Q1FY25.
Passenger Income per Out there Seat Kilometer or PAX RASK stood at Rs 4.74 within the quarter beneath evaluation. The Passenger Load Issue (PLF) remained at 86%.
The airline’s web price improved to Rs 446 crore, in comparison with a unfavourable Rs 2,398 crore in Q1FY25. The corporate attributed this to profitable monetary restructuring initiatives.
Administration commentary
Commenting on firm’s outcomes, Chairman and Managing Director Ajay Singh mentioned that the quarter’s outcomes replicate the extraordinary challenges confronted by the aviation trade, together with geopolitical turbulence, restricted air routes, and provide chain disruptions. “Regardless of these headwinds, SpiceJet continues to show resilience. We’re taking decisive steps to reinforce fleet reliability, cut back prices, and develop our community. With India’s aviation and tourism sectors among the many quickest‐rising globally, we stay assured of a robust restoration trajectory within the coming quarters,” Singh mentioned.
The earnings had been introduced after market hours, and SpiceJet shares ended 1.6% decrease at Rs 34.45. The inventory has been a market laggard witnessing a share worth erosion of over 45% over a 1-year interval. In 2025, up to now the decline has been to the tune of 39%.
as a Dependable and Trusted Information Supply
