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 stated 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 stated.
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 evaluate. The Passenger Load Issue (PLF) remained at 86%.
The airline’s internet value improved to Rs 446 crore, in comparison with a detrimental 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 stated 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 display 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 powerful restoration trajectory within the coming quarters,” Singh stated.
The earnings have 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 value erosion of over 45% over a 1-year interval. In 2025, to this point the decline has been to the tune of 39%.
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