New Delhi, February 12 SpiceJet reported a loss of ₹269.27 crore for the three months ended December 2025, as higher costs and one-time expenses impacted the budget carrier's bottom line.
The airline had a profit of ₹24.97 crore in the December quarter of 2024, as per the standalone financial results submitted to the BSE.
These figures represent loss and profit before tax.
Total income declined to ₹1,522.81 crore in the third quarter of the current financial year from ₹1,650.67 crore in the same period a year ago.
In a statement, the airline said that grounded fleet costs, higher ATF prices, rupee depreciation, and the one-time impact of the new labour laws pushed the airline's expenses higher in the December quarter.
"After forex adjustment and the one-time impact of adjustment for the new labour codes, the net loss stood at ₹268 crore in Q3 FY26, compared to ₹635 crore in Q2 FY26, signifying an improvement of 58 per cent," the statement said.
The airline said it plans to generate additional internal accruals by monetizing surplus spare parts and components.
Its board has mandated a calibrated increase in fleet size to 55-60 aircraft effective the winter schedule, through a mix of wet and dry leases, as well as the return to service of existing grounded aircraft.
SpiceJet Chairman and Managing Director Ajay Singh said that while legacy costs and external factors continue to weigh on expenses, the core business is clearly strengthening.
"With more aircraft in service, a sharper network focus, and continued balance sheet repair, we are building a more resilient airline, step by step," he added.
Meanwhile, the company has filed an application for listing its shares on the National Stock Exchange (NSE).