Spicejet Ltd — Important, 12-11-2025: Company Update

SpiceJet announced a net loss of INR 447.70 Cr (ex-forex) and INR 635.42 Cr (post-forex) for the quarter, primarily due to weak demand, grounded fleet costs (INR 120 Cr), and Rupee depreciation. The auditors noted material uncertainties regarding its ability to continue as a going concern, given substantial losses and negative cash flows. Despite this, the airline is strategically adding 19 leased aircraft, targeting a doubling of its fleet and tripling ASKM for the Winter schedule. Liquidity was boosted by a $89.5 million Carlyle settlement and a $24 million Credit Suisse payment. Management expects stronger operational and positive financial performance ahead.