Spicejet Ltd — Important, 07-09-2025: Company Update

SpiceJet reported a net loss of 238 Cr for the first quarter, with revenue from operations at 1,106 Cr. The company achieved a major win as the Supreme Court dismissed a ₹1,323 Cr damages claim. Operational improvements include a credit rating upgrade by Acuité Ratings and restructuring $121.18 million in lease obligations. The airline plans to unground approximately 10 aircraft by April 2026 and secured leases for 10 new Boeing 737 aircraft from October 2025, boosting future capacity. Total cash balance stands at 483 Cr.