The company’s total revenue from operations stood at Rs 1,408 crore in Q3FY26, up 14% from Rs 1,237 crore in the corresponding period of the last fiscal.
The loss narrowed sequentially from Rs 621 crore reported in Q2FY26, thanks to a 78% increase in the company’s revenue in the quarter under review compared to Rs 792 crore in the July-September quarter of FY26.
The company said in its earnings filing that stranded fleet costs, higher ATF prices, rupee depreciation and one-time impact of labor laws weighed on costs in the reported quarter.
SpiceJet’s costs rose 9.3% to Rs 1,787 crore in Q3FY26, compared to Rs 1,634 crore in the same period last year. Expenses rose 23% sequentially from Rs 1,457 crore in Q2FY26.
The company’s assessment revealed a financial impact of the new labor laws of Rs 18.6 crore. It said the impact of the event is of a one-off nature. SpiceJet said its domestic market share rose to 4.3% in December 2025 from 1.9% in September due to a significant capacity expansion of 56% and the addition of 16 aircraft that contributed to a significant reduction in losses.
In addition, the Council approved a calibrated expansion of the fleet to 55-60 aircraft for the winter schedule. The company also has plans to strengthen liquidity by monetizing excess spare parts.
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