SpiceJet Share Price Slumps 5% After ₹234 Crore Loss in Q1 | Stock Market Today

Market Performance

SpiceJet’s share price came under heavy pressure in Monday’s trade, falling over 5 percent in intra-day deals. The stock touched a day’s low of ₹32.60, reacting sharply to the airline’s weak first-quarter earnings for FY26.

The budget carrier, once seen as a turnaround story, now finds itself back in the red, and that sentiment echoed across the market floor today.

Main News

For the quarter ended June (Q1FY26), SpiceJet reported a consolidated net loss of ₹234 crore, compared to a net profit of ₹158.18 crore in the same quarter last year.

This sharp reversal highlighted the multiple challenges weighing on the aviation sector, particularly for low-cost carriers like SpiceJet.

The airline also saw its EBITDA slip into a loss of ₹18 crore in Q1FY26, a steep fall from the ₹402 crore EBITDA it recorded a year ago.

Company Financials

Breaking down the financial snapshot:

• Revenue: ₹1,059.88 crore in Q1FY26 vs. ₹1,646.21 crore in Q1FY25 (down ~36%)
• EBITDA: Loss of ₹18 crore in Q1FY26 vs. profit of ₹402 crore in Q1FY25
• Net Profit/Loss: Net loss of ₹234 crore in Q1FY26 vs. net profit of ₹158.18 crore in Q1FY25
• Expenses: Fell 25% to ₹1,435.04 crore vs. ₹1,919.58 crore last year
• Standalone Net Loss: ₹235.08 crore in Q1FY26

Despite the weak bottom line, some operational numbers stayed firm:

• Passenger Revenue per Available Seat Kilometer (PAX RASK): ₹4.74
• Passenger Load Factor (PLF): 86%

What Drove the Weak Quarter?

The airline attributed the steep decline in performance to multiple setbacks:

• Geopolitical tensions with a neighboring country, restricting air routes.
• Airspace limitations in key international markets, impacting travel demand.
• Delays in restoring grounded aircraft due to global supply chain bottlenecks.
• Engine overhaul challenges slowing down fleet expansion.

These factors combined to pull down SpiceJet’s topline, while also making cost management difficult.

Summary

SpiceJet’s Q1FY26 earnings highlighted a tough operating environment, marked by:

• Loss of ₹234 crore compared to a profit last year.
• Revenue contraction of nearly 36% year-on-year.
• EBITDA turning negative, signaling operating pressure.
• Expenses reducing by 25%, providing partial relief.

The airline continues to navigate external shocks such as global supply issues, restricted routes, and fluctuating demand. While passenger load factors remain steady, the financial strain was evident in this quarter’s numbers.