Shares of private airline SpiceJet rose sharply on Thursday, the fourth trading day of the week. The stock jumped nearly 18% to reach ₹33.66.
This rise came after the airline announced new flights to Port Blair and Udaipur for the winter season.
New Flight Announcements
SpiceJet made two network update announcements on October 6 and October 8. These updates revealed new flight routes and plans to expand its fleet for the winter season.
On October 8, the airline announced a new daily flight from Delhi to Port Blair, the capital of the Andaman and Nicobar Islands, via Kolkata.
It also said that flights from Delhi and Mumbai to Udaipur will begin on November 6.
Earlier, on October 6, SpiceJet announced special Diwali flights to Ayodhya. Starting October 8, 2025, there will be non-stop daily flights from Delhi, Bengaluru, Ahmedabad, and Hyderabad.
The company also mentioned that flights from Mumbai to Ayodhya could start soon.
These announcements were made to meet the rise in travel demand during the festive and winter seasons.
June Quarter Financial Results
In the quarter ending June, SpiceJet reported a loss of ₹238 crore. The airline said this was due to aircraft grounding and reduced demand for leisure travel.
Revenue for the first quarter of the current financial year was ₹1,190.56 crore, compared to ₹2,067.21 crore in the same quarter last year.
In the June quarter last year, the airline had posted a profit of ₹150 crore, but this year it recorded a loss of ₹238 crore.
