SPICEJET SHARES
SpiceJet repays $24 mn in dues to Credit Suisse
SpiceJet has cleared its $24 million settlement with Credit Suisse, closing a liability predating its current promoter. The May 2022 agreement, originally linked to a $41.77 million claim, was settled through structured payments. The airline said the move strengthens its balance sheet and financial stability. CBO Debojo Maharshi said it demonstrates SpiceJet’s resolve to move past legacy issues.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
Knack Packaging IPO: Company files DRHP with Sebi, to raise Rs 475 crore from fresh issue
Knack Packaging has filed its DRHP with Sebi to raise Rs 475 crore via a fresh equity issue, along with an OFS of 70 lakh shares. Proceeds of Rs 435 crore will fund a new manufacturing facility in Gujarat. Systematix, IDBI, and Pantomath are lead managers.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Domestic air traffic declines 2.94% to 1.26 cr in July, Air India loses 1% market share: DGCA
India's domestic air passenger traffic saw a slight dip of 2.94% in July, totaling 1.26 crore passengers, according to DGCA data. This decline occurred amidst the backdrop of a fatal Air India incident in June. While IndiGo increased its market share to 65.2%, Air India Group experienced a 1% market share loss and reduced domestic capacity for fleet checks.
This midcap stock surged up to 22,344% since last Ganesh Chaturthi; 32 others rose up to 2,557%
Since last Ganesh Chaturthi, 33 stocks delivered significant returns. Elitecon International led with substantial growth. Kothari Industrial Corporation and Colab Platforms also saw major surges. Several other stocks, including Paytm, experienced gains. Nifty 50 index saw a slight decrease during this period. Some stocks yielded negative returns. Eicher Motors and Mahindra & Mahindra outperformed within the Nifty pack.
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Grounded Jet Airways to transfer Mumbai office space lease for Rs 370 crore
Jet Airways, currently undergoing liquidation after ceasing operations in 2019, has agreed to transfer the lease of its Mumbai office space to Parthos Properties Pvt Ltd for Rs 370.25 crore. This transfer, subject to MMRDA approval, is being conducted under IBC and Liquidation Regulations following a Supreme Court order for liquidation in November 2024.
Mumbai Rains: IMD rings red alert; IndiGo, SpiceJet issue travel advisories, trains delayed
Mumbai is under a red alert issued by the IMD, forecasting heavy rainfall until Tuesday. The BMC has released helpline number 1916, urging citizens to stay indoors. Airlines like IndiGo and SpiceJet have issued travel advisories due to waterlogging. Heavy rain has already caused traffic delays and slowed local train services.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian headline indices closed lower on Tuesday, dragged by banking stocks, with Nifty falling 0.4% and Sensex 0.46%. Analysts expect near-term volatility amid technical resistance, geopolitical concerns, and mixed global market cues.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian stock markets closed strongly on Monday. Banking, auto, and IT sectors led the gains. Nifty closed at 24,585.05, up by 0.91%. Sensex ended at 80,604.08, gaining 0.93%. Nifty regained its 100-DMA. Adani Enterprises and Tata Motors saw strong buying interest. Over 107 stocks hit 52-week highs. Hero Motocorp experienced selling pressure.
Govt says 2,458 flights cancelled, rescheduled due to regulatory, geopolitical issues this year
Indian airlines faced significant disruptions this year, with 2,458 flights cancelled or rescheduled due to regulatory and geopolitical issues, according to the civil aviation ministry. IndiGo and Air India were most affected, cancelling or rescheduling 1,017 and 662 flights, respectively. Despite these challenges, domestic airlines saw a 7.34% passenger growth from January to June 2025 compared to last year.
Air India may shift some aircraft maintenance away from govt company after fatal crash
Air India, under Tata Group's ownership, plans to bring aircraft maintenance in-house with assistance from shareholder Singapore Airlines (SIA), moving away from outsourcing to AIESL. This shift, prompted by a deadly crash and audit findings, aims to improve safety and reliability. SIA will provide expertise to support Air India's transformation and MRO capabilities amid fleet expansion.
India recorded six aircraft engine shutdowns and three May Day calls in 2025 so far
India's civil aviation ministry reports six engine shutdown incidents and three May Day calls from January to July 2025. IndiGo and SpiceJet each experienced two engine shutdowns, while Air India had a May Day call after a London-bound flight crashed post-takeoff from Ahmedabad. An investigation is ongoing, examining all potential causes of the Air India incident.
'Airlines today behave like crooks': Army veterans rally behind Lieutenant Colonel who assaulted SpiceJet staff
A retired army officer defends Lt Col Ritesh Kumar Singh, booked for allegedly assaulting SpiceJet ground staff over baggage charges. He claims airlines exploit passengers with arbitrary fees and reduced staff, leading to frustration. While some veterans support Singh, citing mistreatment and mockery by airline staff, many online users condemn his violent actions as unjustified and unacceptable.
Air India tops in serious safety lapses flagged by DGCA
Air India group reported the highest number of serious safety lapses among Indian airlines in DGCA’s annual audit, with seven critical Level 1 findings, raising concerns about its Tata-led overhaul. Vistara had ten such findings before its merger, while Air India Express had two. In total, DGCA flagged 263 issues across eight airlines, intensifying regulatory scrutiny amid India's aviation growth.
IndiGo's insurance premium likely to rise, in single digits
IndiGo Airlines may see a rise in aviation insurance costs. This follows a recent Air India accident and a tougher reinsurance market. SpiceJet's policy renewal is also coming up. Reinsurers are increasing prices due to global aviation losses. London reinsurers are reducing capacity and raising rates. IndiGo's insurance covers its large fleet. The total insurance value is around $20 billion.
SpiceJet set to add 5 Boeing 737 aircraft to its fleet by October
SpiceJet announced Friday it will lease five Boeing 737 aircraft, expected to join its fleet by October 2025. This damp lease arrangement aims to meet increased passenger demand through early summer 2026. The airline is also in talks for additional aircraft to further boost capacity.
Domestic air traffic rises to 1.36 crore passengers in June: DGCA data
Indian airlines saw a rise in passengers in June. They carried over 1.36 crore passengers, more than last year. IndiGo's market share slightly decreased. Air India Group's share increased. Flight cancellations were mainly due to technical issues, operational reasons, and weather. Airlines compensated passengers for delays, cancellations, and denied boarding. Directorate General of Civil Aviation released the data.
SC dismisses Rs 1,300 cr damages appeal by Kalanithi Maran & KAL Airways against SpiceJet
The Supreme Court dismissed KAL Airways and Kalanithi Maran’s appeal seeking Rs 1,323 crore in damages from SpiceJet, upholding the Delhi High Court’s ruling. The court criticized Maran’s delay and concealment in the appeals process, calling it a “calculated gamble.”
SpiceJet shares jump 6% after Supreme Court rejects Rs 1,300 crore damages appeal by Kalanithi Maran, KAL Airways
SpiceJet shares jumped 6% after the Supreme Court dismissed a Rs 1,323 crore damages appeal by KAL Airways and Kalanithi Maran. Courts criticized their delay and concealment in the share transfer dispute. Despite the win, analysts remain cautious, with a consensus ‘Sell’ rating and Rs 36 target price.
Increase in size will result in profitability: Akasa Air CFO Ankur Goel
Akasa Air anticipates a significant capacity boost this fiscal year, exceeding 30%, driven by increased aircraft deliveries from Boeing. Despite improved unit economics, the airline faced increased losses in FY25. The airline aims for operational profitability amid a favorable demand-supply mismatch and plans ambitious fleet expansion, targeting 226 aircraft by 2032, with a growing presence in international markets.
Chaos on Delhi-Mumbai SpiceJet flight: 2 passengers try to storm cockpit, delay takeoff by 7 hours
On July 14, 2025, two unruly passengers were removed from a SpiceJet flight SG 9282 at Delhi airport after they tried to forcibly enter the cockpit while the plane was taxiing for its departure to Mumbai. Despite requests from the crew, passengers, and captain, they refused to comply, causing significant disruption and a delay of several hours.
Kalanithi Maran, KAL Airways move SC after Delhi HC rejects plea seeking ₹1,323 crore from SpiceJet
Kalanithi Maran and KAL Airways have escalated their legal battle with SpiceJet to the Supreme Court, challenging the Delhi High Court's dismissal of their petition. They are seeking Rs 1,323 crore in damages from the budget airline related to a share transfer dispute.
SpiceJet receives first two overhauled engines, ungrounds another Boeing 737 NG
SpiceJet has received two overhauled engines from StandardAero, including a CFM LEAP‐1B for Boeing 737 MAX and a Q400 engine, boosting its fleet restoration. Additionally, a grounded Boeing 737 Next-Generation aircraft is back in service, enhancing operational capabilities. Following this news, SpiceJet's shares rose by nearly 2% on the BSE.
SpiceJet shares in focus after aircraft window frame dislodges mid-flight
SpiceJet shares are under scrutiny following a mid-air incident involving a dislodged cosmetic window frame on a Q400 aircraft. The airline assures that passenger safety and aircraft integrity were not compromised, emphasizing the component was non-structural. This clarification comes amid heightened safety concerns after a recent Air India crash.
Stocks in news: DMart, Nykaa, PNB, Aurobindo Pharma, Voltas
Markets experienced volatility, closing marginally lower amidst ongoing consolidation. Nykaa's early investor plans a substantial stake sale, while SpiceJet addressed concerns about a dislodged window frame, assuring passenger safety. Indian Overseas Bank secured shareholder approval to raise equity, and companies like Indian Bank and PNB reported robust operational growth during the first quarter of FY26.
A window frame of Spicejet aircraft dislodges mid-air, no impact on passenger safety: Airline
During a SpiceJet flight from Goa to Pune, an interior window frame became dislodged mid-air. The airline assured that cabin pressurization remained normal and passenger safety was not compromised, as the dislodged part was a non-structural trim component. A passenger questioned the aircraft's airworthiness and shared a video of the incident on social media.
India's air passenger traffic rises to 140.56 lk in May; IndiGo holds 64% share
India witnessed an increase in domestic air travel. Directorate General of Civil Aviation reported a rise of 1.89 percent in May compared to last year. Indigo led the market with 93.09 lakh passengers. Air India Group followed with 37.22 lakh. Akasa Air and SpiceJet carried 7.48 lakh and 3.40 lakh passengers respectively.
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.
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