SpiceJet swings to profit, net worth turns positive

SpiceJet (BSE: SPICEJET) announced a profitable Q3FY25, posting an INR 26 Crore profit and a positive net worth after a decade. Total revenue surged 35% to INR 1,651 Crore, driven by strong passenger demand. Key operational metrics included a Passenger Load Factor of 87% and passenger RASK at INR 4.57. The company cleared INR 601 Crore in GST, TDS, and EPF statutory dues and settled outstanding disputes with aircraft and engine lessors. The airline successfully completed a Qualified Institutional Placement (QIP) raising INR 3,000 Crore, attracting significant investor interest and strengthening its financial position. Fleet expansion included the induction of 10 aircraft and partnerships to expedite fleet enhancement.