Spicejet stock jumps 9% after announcing strong comeback in FY27; Here’s how

SYNOPSIS: SpiceJet outlined a strong FY26-27 revival plan, highlighting rapid fleet expansion, doubled capacity, focused network strategy, reduced liabilities, and expectations of returning to profitability as operational stability and utilisation improve.

During Friday’s trading session, shares of one of the India’s largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme surged nearly 9 percent on BSE, following plans on major operational scale-up, eyes FY27 comeback.

With a market cap of Rs. 3,988 crores, shares of SpiceJet Limited closed in the green at Rs. 31.11 on BSE, up by around 3 percent, as against its previous closing price of Rs. 30.34. The stock has delivered negative returns of more than 49 percent in one year, and has fallen by around 13 percent in the last one month.

What’s the News:

At its analyst meet held on 4th December from 2:00 p.m. to 4:30 p.m. (IST) in BKC, Mumbai, SpiceJet Limited outlined an ambitious roadmap for the coming year, signalling a strong operational scale-up and a more pronounced financial recovery as it enters H2 FY26. Management highlighted meaningful progress across capacity enhancement, fleet availability, operational reliability, and liability restructuring – indicating that the company’s turnaround efforts are beginning to gain real traction.

A key highlight was the sharp expansion in fleet strength. SpiceJet’s total fleet has increased to 68 aircraft as of December 2025, compared with 54 in Q2 FY26. More significantly, the operational fleet – aircraft currently in service – has risen from 19 to 32, reflecting improved aircraft availability and enabling a substantial increase in deployed capacity.

The airline is also recalibrating its network strategy, with plans to deepen its presence at select high-potential airports. By concentrating operations at key hubs, SpiceJet aims to unlock stronger connectivity, operational efficiencies, and improved load factors – a move consistent with broader industry consolidation trends.

Capacity deployment, measured by Available Seat Kilometres (ASK), has witnessed exceptional growth. ASK has doubled from 55 crore in Q2 to 110 crore by December 2025, and the airline expects this to double again to 220 crore by December 2026. Such expansion underscores SpiceJet’s intent to rebuild scale, enhance network relevance, and capture demand in India’s rapidly expanding aviation sector.

On the financial side, management addressed concerns around lessor liabilities, which currently stand at Rs. 2,381 crore. With negotiations underway and operating performance improving, the company believes a 35 percent reduction in these obligations is within reach – an outcome that would significantly reduce balance-sheet stress and bolster long-term financial viability.

Looking forward, SpiceJet anticipates profitable quarters ahead, driven by higher aircraft utilisation, increased capacity deployment, and tighter cost discipline. Should the airline meet its stated guidance, FY27 could mark the beginning of a period of renewed stability and sustainable growth for the airlines.

Financials & More:

SpiceJet reported a decline in revenue from operations, experiencing a year-on-year decrease of more than 13 percent, from Rs. 915 crores in Q2 FY25 to Rs. 792 crores in Q2 FY26.

The company’s net loss widened from Rs. 458 crore to Rs. 621 crore over the same period, representing a 36 percent year-on-year deterioration in bottom-line performance as well.

SpiceJet Limited is principally engaged in the business of providing air transport services for the carriage of passengers and cargo. The Company is a low-cost carrier (LCC) operating under the brand name of ‘SpiceJet’ in India since 23rd May 2005.

As of September 2025, the airline operates a total fleet of 54 aircraft, of which 19 are currently operational. The fleet includes five Boeing 737-700s with three operational, three Boeing 737-700 freighters with no aircraft operational, twelve Boeing 737-800s with eight in service, and three Boeing 737-900s, of which only one is operational. 

The company also has seven Boeing 737 MAX aircraft, with one operational, and a fleet of 24 Q400 turboprops, of which six are active. There are no wet-lease aircraft in use currently, and the note mentions that two wet-leased aircraft have been redelivered.

SpiceJet aims to bring up to eight of its grounded Boeing aircraft back into service by April 2026, including four in the early winter period to meet peak travel demand. Two have already rejoined the fleet, upto two more ungrounded and inducted into the fleet by December 2025, and the remaining four are planned to return by early summer 2026.

Written by Shivani Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Spicejet stock jumps 9% after announcing strong comeback in FY27; Here’s how appeared first on Trade Brains.