SpiceJet: Profit Returns, Network Expands After Debt Settlement

SpiceJet Limited reported a net profit of Rs.580.74 million for FY25 on a standalone basis, a substantial improvement from a loss of Rs.4,094.39 million in the previous year. Total income reached Rs.66,829.52 million in FY25, down from Rs.84,686.40 million in FY24. The airline's net worth turned positive, increasing to Rs.6,830.22 million from a negative Rs.25,858.47 million in FY24, driven by a successful Rs.3,000 crore Qualified Institutional Placement (QIP) and Rs.294 crore equity infusion from promoters.

Operationally, SpiceJet recorded a 90% load factor for domestic scheduled flights and expanded its network with 32 new flights and four new destinations in FY25, including Tuticorin, Porbandar, Dehradun, and Shivamogga. The company inducted 12 aircraft during the year and achieved IATA-IOSA safety certification. It also secured a mandate from the Government of India for Haj operations in Q1 FY26.

The 41st Annual General Meeting (AGM) will be held on September 30, 2025, to approve the financial statements and re-appoint Shiwani Singh as a director. Shareholders will also vote on preferential equity share issues to aircraft lessors and GASL Aviation Holdings Limited, converting outstanding dues into equity.