SPICEJET FINANCIAL RESULTS
SpiceJet to file overdue results after exchange's suspension warning
SpiceJet has confirmed plans to reveal its overdue financial results by December 7, adhering to essential regulatory obligations. The Bombay Stock Exchange issued a warning regarding possible trading suspensions if these results are not submitted. As a result of financial hurdles, SpiceJet's market share has diminished to just 0.6% in India's domestic aviation industry.
SpiceJet reveals its comeback game plan as a turbulent battle to reclaim lost ground unfolds
SpiceJet is currently enhancing its operational capacity to address flight delays and cancellations. The airline has started adding leased aircraft to expand its network and restore services. According to reports, SpiceJet's on-time performance has significantly lagged behind competitors in the aviation sector. The Directorate General of Civil Aviation is closely monitoring the airline's operational performance.
Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95
Paint makers, airlines, tyre companies and OMCs rallied as crude oil prices plunged nearly 10%, falling below $95 a barrel. Lower oil prices raised hopes of easing input and fuel costs, while Trump's midterm setback added to the positive market sentiment.
SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?
SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid dues, operational collapse and regulatory oversight. Despite repeated capital infusions, the airline faces mounting losses and possible bankruptcy, while questions persist over fund utilisation, management accountability and aviation safety.
World’s best airlines 2026: Singapore Airlines tops list; where do Air India, IndiGo rank?
Singapore Airlines has been named the world’s best airline for 2026 in Skytrax’s World Airline Awards, ahead of Qatar Airways and Cathay Pacific. Among Indian carriers, Air India jumped 27 places to 57th globally and topped the India and South Asia ranking, while IndiGo slipped to 61st from 39th last year.
SpiceJet shares jump 4% after airline completes $24 million payment to Credit Suisse
SpiceJet shares rose sharply after the airline completed a $24 million (approx. Rs 200 crore) payment to Credit Suisse, closing a long-standing liability. The full settlement strengthens its balance sheet, boosts investor confidence, and marks a key step in its turnaround efforts.
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SpiceJet shares rally 5% after reporting 173% YoY surge in Q4 profit
SpiceJet share price surged over 5% on Monday after the company reported a sharp 173% YoY surge in standalone profit after tax for the March quarter, reaching Rs 324.87 crore, marking its highest-ever quarterly profit. The sharp uptick in profit came even as revenue from operations for the quarter declined 16% YoY to Rs 1,446.37 crore, down from Rs 1,719.3 crore in Q4 FY24.
SpiceJet Q4 Results: PAT jumps 173% YoY to highest-ever quarterly profit of Rs 325 crore
Spicejet announced a significant profit increase for the March quarter. The airline's standalone profit after tax rose 173% YoY. This marks their highest ever quarterly profit. Spicejet also reported a full-year net profit after seven years. Improved yields and cost optimization drove the growth. The company's Chairman, Ajay Singh, expressed confidence in Spicejet's sustainable growth.
SpiceJet founder Ajay Singh to infuse Rs 294 crore into airline boosting promoter stake to 33.47%
Ajay Singh, the Founder of SpiceJet, will invest Rs 294.09 crore into the airline by converting warrants into equity shares, increasing his group's stake from 29.11% to 33.47%. The investment aims to strengthen SpiceJet's financial position, drive growth, and showcase confidence in its future.
SpiceJet clocks profit on reduced expense
Low cost carrier SpiceJet reported a profit of Rs 25 crore for Q3FY25, a turnaround from a loss of Rs 301.5 crore in the same quarter last year. This marks the first time in a decade the company's net worth has been positive, reflecting the success of its financial recovery efforts.
SpiceJet, Genesis reach agreement in $16 million dispute, share prices shoot up
SpiceJet and Genesis resolved a $16 million dispute. SpiceJet paid $6 million and gave Genesis $4 million in equity. This settlement strengthens SpiceJet's financial position. The airline's shares rose after the news. SpiceJet continues its financial recovery. The deal includes dismissing ongoing lawsuits. Carlyle Aviation also converted debt to equity in SpiceJet. Acuité Ratings upgraded SpiceJet's credit rating.
SpiceJet shares rally 8% on settling over $16 million dispute with Genesis
Shares of SpiceJet surged 7.8% to an intraday high of Rs 60.70 on the BSE after the company announced the settlement of its $16 million dispute with Genesis. As per the agreement, SpiceJet will pay $6 million to Genesis, while Genesis will invest $4 million in SpiceJet equity at Rs 100 per share.
SpiceJet settles $90.8 mn dispute with EDC for $22.5 mn, gains complete ownership of 13 aircraft
SpiceJet has resolved its $90.8 million dispute with Export Development Canada (EDC) for just $22.5 million, resulting in a savings of $68.3 million. The settlement includes full ownership of 13 EDC-financed Q400 aircraft, which will reduce operational costs and eliminate monthly rental payments.
SpiceJet makes shocking revelation of not paying ₹350 crore in TDS and PF of employees
SpiceJet, facing severe financial strain, has admitted to not paying Rs 220 crore in TDS and Rs 135.3 crore in PF dues from April 2020 to August 2023. The airline is attempting to raise Rs 3,000 crore to stabilize its operations and address outstanding liabilities, including statutory dues and payments to creditors.
How SpiceJet’s 3-month crew furlough could affect your flight: Here's all you need to know
SpiceJet will temporarily furlough 150 cabin crew members for three months due to a lean travel season and reduced fleet size. The airline aims to ensure long-term stability while retaining health benefits and earned leave for these employees. SpiceJet is also under enhanced DGCA surveillance following a special audit conducted in August 2024.
SpiceJet's CFO Ashish Kumar quits; Joyakesh Podder appointed Deputy Chief Financial Officer
On Tuesday, SpiceJet announced that Ashish Kumar, the Head of Finance and Chief Financial Officer, will be departing the company to pursue other opportunities. Joyakesh Podder will succeed Kumar as the Head of Finance and has been appointed as the Deputy Chief Financial Officer, effective July 15, 2024.
SpiceJet shares surge over 7% on reporting consolidated profit in Q4
SpiceJet shares surged 7% on Tuesday, reaching Rs 60, following the airline's Q4 profit announcement of Rs 127 crore. This marked a turnaround from losses of Rs 6.2 crore and Rs 299 crore in the March and December 2023 quarters, respectively. On a standalone basis, the low-cost carrier reported a sixfold surge in net profit to Rs 119 crore in the fourth quarter
SpiceJet Results: Budget carrier posts Rs 127 crore profit in Q4 versus loss a year ago
Despite earlier financial difficulties and a ransomware attack delaying results, SpiceJet reported a 19% year-on-year decrease in consolidated revenue to Rs 1,738 crore for the fourth quarter. However, on a standalone basis, the airline saw a sixfold increase in net profit to Rs 119 crore, with standalone EBITDA rising 12% to Rs 386 crore.
SpiceJet resolves Rs 413 cr dispute with Echelon Ireland Madison One
SpiceJet announced the resolution of its Rs 413 crore dispute with Echelon Ireland Madison One, resulting in savings of approximately Rs 398 crore. The agreement includes the acquisition of two airframes. Following the announcement, SpiceJet's shares surged around 4.62%. This comes after the airline recently settled disputes with Cross Ocean Partners and Celestial Aviation
SpiceJet to list on NSE; may get Rs 1,300 cr lifeline from two 'big investors'; stock up 35% in 3 days
SpiceJet may receive a crucial boost as the airline's board prepares to convene on Monday to explore fundraising initiatives. According to sources cited by the Times of India, two significant investors are likely to infuse over Rs 1,000 crore into the financially challenged airline. The report indicates that one investor is expected to contribute approximately Rs 1,000-1,200 crore, while the other may invest up to Rs 300 crore.
SpiceJet defers Q4 FY23, Q1 FY24 results till August 14
Spicejet has postponed the announcement of its Q4FY23 and Q1FY23 results until August 14th . The board meeting on Friday partially executed the agenda items before being adjourned to August 14th. Earlier, the airline had announced through its exchange filing that its financial results for Q4 FY23, Q1 FY24 will be announced on August 11.
SpiceJet looking to raise up to Rs 2,000 crore
Singh holds around 60% in the airline, of which 44.24% is pledged with lenders. Based on its Tuesday closing share price of ₹46.25 on the BSE, SpiceJet's market cap was ₹2,783 crore.
SpiceJet looking to raise up to ₹2,000 crore
The no-frills airline is expecting Boeing to resume delivery of the 737 Max aircraft from October. SpiceJet plans to take delivery of seven planes, which will also bring in income through their sale and leaseback.
SpiceJet plans to raise funds; shares gain over 2%
The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also resulted in less occupancy in many flights.
Sebi fines 2 persons in SpiceJet insider trading case
Harindranath was GM, financial planning analysis and treasury at SpiceJet at the time of violations.
Sebi disposes of insider trading case against SpiceJet's former independent director
It had been alleged that he traded in SpiceJet while in possession of unpublished price information
SpiceJet auditors dubious about LCC claims
The red flag for SpiceJet was raised in the audit report along with its result for the quarter ended June 30, 2014.
Market stimulation efforts' positive for travel business: SpiceJet
Low-cost airline SpiceJet, which comes up with discount offers frequently, today said its "market stimulation efforts" had a positive impact.
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