Synopsis:
The shares of Spice Jet Ltd jumped 15% after announcing its new additional direct flights to two new locations i.e Port Blair and Udaipur, for this winter.
The shares of this emerging aircraft operator with global reach jumped upto 15 percent in the day’s trade after introducing the two direct flights and others plans as the winter season is coming close
Spice Jet Ltd stock had given a previous day close of Rs 28.55, but on Thursday trading period the stock made a high of Rs 33.66 rising roughly 18% . The company with a market cap of Rs 4,626 crore is trading almost at its 52-week low and saw a ray of hope from the news.
What’s so special?
The company is all prepared for the winter season by adding daily flights to Port Blair, the capital of the Andaman and Nicobar Islands, and Udaipur, the city of lakes. The airline will operate daily flights to Port Blair from Kolkata and Delhi, and to Udaipur from Delhi and Mumbai, offering travellers the perfect opportunity to plan their winter getaways.
As part of its ambitious winter expansion plan, SpiceJet is adding new routes, more flights, and a significantly larger fleet to meet soaring travel demand. The airline is set to more than double both its daily flights and operational fleet this winter, with several exciting new destinations on the horizon.
Flights to Port Blair have already commenced, while daily non-stop flights to Udaipur from Delhi and Mumbai will begin November 6, 2025. Tickets are available for booking on SpiceJet’s official website and mobile app.
Passengers flying to Port Blair from Kolkata will enjoy seamless, non-stop connectivity, while those travelling from Delhi will make a short stopover at Kolkata. The Delhi–Port Blair service is a direct connection with no aircraft change, ensuring a smooth and convenient journey.
Financials and Future Outlook
The company has seen a fall in its YoY sales by 34.77% , it has fallen from Rs 1696 crore in Q1 FY 25 to Rs 1106 crore in Q1 FY 26, It generated a loss worth Rs 235 crore in Q1FY 26 after making a profit of Rs 150 crore in Q1 FY25. Spice Jet Ltd is trading near its all-time low due to its inconsistent profit growth.
Fleet Expansion
SpiceJet will unground about 10 aircraft by April 2026 including 4-5 in early winter, to cater for the peak demand. Secured lease agreements for 10 Boeing 737 aircraft on DAMP lease to be inducted from October 2025; discussions underway for additional inductions of narrow-body and wide-body aircraft during October and November 2025. Will this expansion plan will work out or fail is yet to be determined.
Written by Leon Mendonca
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