SpiceJet shares jumped nearly 8% on December 9, marking the third consecutive session of gains. The rally comes as the airline strengthens its fleet and operational capacity by inducting two new Boeing 737 aircraft across key domestic and international routes.
Market Performance
- Intraday High: Rs 34.99 per share
- Closing Price: Rs 34.31 per share (up ~6%)
- Three-Session Gain: 15%
The stock’s upward movement reflects market optimism as SpiceJet capitalizes on rising passenger demand and operational challenges faced by rival carriers.
Fleet Expansion and Operational Strengthening
On December 9, SpiceJet announced the addition of two Boeing 737 aircraft to its fleet. The airline emphasized that these inductions will:
- Enhance operational capability across key domestic and international routes
- Improve connectivity and schedule reliability
- Provide greater choice and flexibility to travellers during peak travel season
The new aircraft have already entered commercial service since the end of November. They are deployed on major routes, including:
- Delhi – Bangkok
- Ahmedabad – Dubai
- Ahmedabad – Kolkata
SpiceJet’s CBO, Debojo Maharshi, highlighted that the fleet expansion is part of a calibrated and responsible approach to grow capacity while maintaining reliable and affordable air travel.
Market Context: Competitor Challenges
The timing of SpiceJet’s fleet expansion coincides with operational disruptions faced by other airlines. Flight cancellations and reduced schedules have created gaps in the market, presenting an opportunity for SpiceJet to strengthen its presence.
- Driver of Disruptions: Shortage of crew, particularly pilots, due to revised Flight Duty Time Limitation (FDTL) norms
- Airlines have been adjusting to increased rest requirements and humane rosters, causing network realignments
This context has allowed SpiceJet to capture market share on key routes, supporting the upward movement in its share price.
Historical Share Performance
- The stock has risen marginally in the past month
- Six-Month Decline: ~21%
- Year-to-Date (2025) Decline: ~39%
- Consolidated P/E Ratio: Over 10
Despite longer-term volatility, the recent fleet expansion and market conditions have provided a short-term boost to investor sentiment.
Summary
SpiceJet’s recent surge in share price highlights its strategic fleet expansion at a time of market disruptions. By enhancing operational capacity and deploying aircraft on high-demand routes, the airline is positioning itself to meet rising passenger demand while reinforcing its market presence.
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