SpiceJet
SpiceJet is retreating, with domestic market share down to 1.2% in August as 48.05% of flights ran over two hours late (Mint, 25 Sept). Special Durga Puja flights and 23 planned leased aircraft by mid-November pull the other way (Mint).
What it means
SpiceJet is still buying its growth, through capacity and fare cuts.
Reported: Revenue +14% in Q3 FY26, with a net loss of ₹261 cr.
- Affected
- Rival airlines — subsidised prices to faceDo now: don't match SpiceJet's prices rupee for rupee while it buys its growth at a loss.
- SpiceJet's airports and ground handlers — terms set by a loss-making buyerDo now: keep it on short payment terms until its loss narrows.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 5 stories, the newest dated 28 Sept 2026. Summary written 2 Oct 2026.
SpiceJet is an Indian airline operating passenger flights, including domestic services connecting Kolkata and Bagdogra with major metros and Port Blair. [1] source: NDTV Profit
Show 3 more paragraphs and 5 sources
On September 12, SpiceJet said an outer wheel fell from one of its Q400 aircraft after take-off from Kandla; the flight landed safely in Mumbai and passengers disembarked normally. [2] source: Business Standard
In September 2026, SpiceJet said it would operate 22 special Durga Puja flights from October 10, adding festive-season connectivity involving Kolkata and Bagdogra. [1] source: NDTV Profit SpiceJet was included in a group of Indian carriers reported to have 505 unfilled Boeing orders, alongside Air India and Akasa Air. [3] source: ET Small Business It also planned to induct 23 aircraft between October and mid-November. [4] source: Mint
SpiceJet had 9 active aircraft in August, when 48.05% of its flights were delayed by more than two hours and its cancellation rate was 20.92%. [4] source: Mint DGCA data put SpiceJet’s August on-time performance at 17.9%, while its domestic passenger market share was 1.2%, a five-year low. [4] source: Mint[5] source: NDTV Profit
Sources
Questions about SpiceJet
What is SpiceJet's current strategy in India?
In September 2026, SpiceJet said it would operate 22 special Durga Puja flights from October 10 and planned to induct 23 aircraft between October and mid-November. [1] source: NDTV Profit[4] source: Mint
Who are SpiceJet's main competitors?
DGCA data showed SpiceJet’s August on-time performance at 17.9%, compared with IndiGo’s 91%, in a comparison of airline punctuality. [5] source: NDTV Profit
More stories about SpiceJet
- DGCA scrutinises SpiceJet operations and finances as airline plans winter fleet expansion
- SpiceJet delays two Delhi–Dubai flights by over 24 hours, triggering passenger protests
- SpiceJet leases 20 aircraft, targets 200 daily flights for winter travel demand
- NCLT to rehear seven aircraft-lessor insolvency petitions against SpiceJet
- NCLT allows withdrawal of SpiceJet insolvency plea; fines both parties ₹7.5 lakh
- SpiceJet settles ₹60 crore Aviator ML claim; NCLT defers rulings on seven other pleas
- SpiceJet cancels Delhi–Pune flight after six-hour delay, passengers cite poor communication
- SpiceJet adds three Airbus A320s on damp lease to expand domestic capacity
- CCPA Fines SpiceJet Rs 1 Lakh for 'Deceptive Dark Patterns' on Booking Platform
Stories that mention SpiceJet
6 stories
SpiceJet is named in these stories but is not their subject.
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- India weighs letting airport operators own airlines, opening a route for Adani and GMR
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