Spicejet Limited · BSE:SPICEJET
Spicejet — Q2 FY26 Earnings Presentation
23 slides from Spicejet's earnings presentation, Nov 17, 2025
Slide 1: BSE cover letter for Investor Presentation
November 17, 2025 Department of Corporate Services, BSE Limited, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Reference: Scrip Code: 500285 and Scrip ID: SPICEJET Subject: Investor Presentation Dear Sir, Please find herewith the Investor Presentation on the unaudited standalone and consol
Slide 2: Investor Presentation Q2 FY26
Investor Presentation Q2 FY 26 1
Slide 3: Disclaimer
Disclaimer Information contained in our presentation is intended solely for your personal reference. Such information is subject to change without prior notice, and it may not contain all material information concerning the Company. We assume no responsibility or liability for, the accuracy or compl
Slide 4: Fleet Information
Fleet Information 3
Slide 5: Total Fleet Breakup
Total Fleet Breakup No. of Aircraft (Quarter Ended) Fleet Type Sep 25 Jun 25 Total Operational Total Operational Boeing 737-700 5 3 5 3 Boeing 737-700F 3 0 3 0 Boeing 737-800 12 8 12 8 Boeing 737-900 3 1 3 1 Boeing 737-MAX 7 1 7 1 Q400 24 6 24 6 Wet Lease* 0 0 2 2 Total 54 19 56 21 * 2 wet lease air
Slide 6: Fleet Information
Fleet Information The company has firmed up damp-lease agreements for 19 aircraft scheduled to join the fleet between October 1 and November 2025. Fourteen are already in operation, and the recent return of a reactivated Boeing 737 MAX takes the total additions so far to 15. This marks a clear step
Slide 7: Impact of Fleet Expansion
Impact of Fleet Expansion* Projected Operational Aircraft Projected Daily Flights per Month 45 40 300 39 40 225 250 35 200 30 26 200 25 19 20 20 150 133 20 104 100 100 15 100 10 50 5 0 0 Jul Aug Sep Oct Nov Dec Jul Aug Sep Oct Nov Dec By the end of 2025, SpiceJet aims to more than double its capacit
Slide 8: Operational & Strategic Milestones
Operational & Strategic Milestones Carlyle Settlement: Successfully settled with Carlyle Aviation Partners, unlocking USD 79.6 million in cash 1 maintenance reserves and USD 9.9 million in credits toward lease obligations – boosting liquidity and supporting fleet revival efforts Credit Suisse Settle
Slide 9: Outlook for the Upcoming Quarters
Outlook for the Upcoming Quarters 8
Slide 10: Outlook for the Upcoming Quarters
Outlook for the Upcoming Quarters 1 Operational fleet expected to double by end-2025, driving a sharp expansion in network reach and scale. 2 ASKM projected to rise nearly threefold, supporting a triple digit revenue growth for the next quarter 3 Higher capacity and better aircraft utilisation expec
Slide 11: Our Red Hot Routes
Spicejet Fo. Sole OUR RED HOT ROUTES AMRITSAR (ATG) KOZHIKODE (CC)) AHMEDABAD (AMD) KOLKATA (CCU) AYODHYA (AY) KOCHI (Cok) KANDLA (XY) BENGALURU (BLA) BAGDOGRA (1x8) eo. MADURA! (1XM) CHENNAI (MAA) MUMBAI (BOM) DARBHANGA (DBR) PATNA (PAT) DELHI (DEL) DHARAMSHALA (OHM) PORBANDAR (PED) PORT BLAIR (1x2
Slide 12: Leadership Expansion – Sanjay Kumar
Leadership Expansion – Sanjay Kumar Sanjay Kumar has recently joined SpiceJet as Executive Director. In this role, he will lead SpiceJet’s strategic growth initiatives, drive operational excellence, and oversee key business transformation efforts as the airline enters its next phase of expansion. Wi
Slide 13: Leadership Expansion – Arjun Dasgupta
Leadership Expansion – Arjun Dasgupta Arjun Dasgupta has joined as Vice President – Sales and Ancillary Revenue at SpiceJet to focus on commercial growth, expand the sales network and ancillary revenue. With over 30 years of diverse commercial and leadership experience across leading airlines and tr
Slide 14: Quarterly Highlights Q2FY26 vs Q1FY26
Quarterly Highlights Q2FY26 vs Q1FY26 13
Slide 15: Executive Summary (Q2FY26 vs Q1FY26)
Executive Summary (Q2FY26 vs Q1FY26) Quarter Ended Particulars Change (%) Sep 25 Jun 25 ASKM 178 218 -18% Total income 827 1190 -31% RASK (INR) 4.66 5.47 -15% Total Expenses 1462 1429 2% Operational CASK (INR) 6.32 5.99 6% Grounded Aircraft CASK 0.68 0.46 48% Ungrounding CASK* 0.17 0.13 31% Forex CA
Slide 16: Revenue Breakup (Q2FY26 vs Q1FY26)
Revenue Breakup (Q2FY26 vs Q1FY26) Quarter Ended Particulars Change (%) Sep 25 Jun 25 ASKM 178 218 -18% Revenue Details Revenue from operations 781 1106 -29% Other income 46 84 -45% Total 827 1190 -31% Key Performance Indices Load factor (RPKM/ASKM) 84.2% 85.9% -2% Pax Yield 4.55 5.32 -14% Total RAS
Slide 17: Expense Breakup (Q2FY26 vs Q1FY26)
Expense Breakup (Q2FY26 vs Q1FY26) Quarter Ended Particulars Change (%) Sep 25 Jun 25 ASKM 178 218 -18% Aviation turbine fuel 312 384 -19% Aircraft lease rentals 25 102 -75% Airport charges 121 138 -12% Aircraft maintenance costs 178 166 7% Other operating costs 67 49 37% Employee benefits expense 1
Slide 18: Cash Balance
Cash Balance Quarter Ended Particulars Sep 25 Total Cash Balance 392 Free Cash 215 Restricted Cash 176 Amt. in INR Crore 17
Slide 19: Quarterly Highlights Q2FY26 vs Q2FY25
Quarterly Highlights Q2FY26 vs Q2FY25 18
Slide 20: Executive Summary (Q2FY26 vs Q2FY25)
Executive Summary (Q2FY26 vs Q2FY25) Quarter Ended Particulars Change (%) Sep 25 Sep 24 ASKM 178 212 -16% Total income 827 1,076 -23% RASK (INR) 4.66 5.08 -8% Total Expenses 1,462 1,524 -4% Operational CASK (INR) 6.32 6.64 -5% Grounded Aircraft CASK 0.68 0.45 51% Ungrounding CASK* 0.17 - NA Forex CA
Slide 21: Revenue Breakup (Q2FY26 vs Q2FY25)
Revenue Breakup (Q2FY26 vs Q2FY25) Quarter Ended Particulars Change (%) Sep 25 Sep 24 ASKM 178 212 -16% Revenue Details Revenue from operations 781 911 -14% Other income 46 165 -72% Total 827 1,076 -23% Key Performance Indices Load factor (RPKM/ASKM) 84.2% 83% 1% Pax Yield 4.55 4.56 0% Total RASK 4.
Slide 22: Expense Breakup (Q2FY26 vs Q2FY25)
Expense Breakup (Q2FY26 vs Q2FY25) Quarter Ended Particulars Change (%) Sep 25 Sep 24 ASKM 178 212 -16% Aviation turbine fuel 312 433 -28% Aircraft lease rentals 25 132 -81% Airport charges 121 126 -4% Aircraft maintenance costs 178 139 28% Other operating costs 67 66 2% Employee benefits expense 14
Slide 23: Thank You!
Thank You! 22