SpiceJet Reports Q2 FY26 Results, Prepares for Strong Winter Recovery

SpiceJet Reports Q2 FY26 Results, Prepares for Strong Winter Recovery

By Manu Vardhan Kannan

Published on November 15, 2025

SpiceJet has announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), reporting a consolidated net loss of INR 447.7 crore (ex-forex), compared to INR 424.26 crore in Q2 FY25. The airline attributed the results to recalibrating dollar-based obligations, carrying costs of grounded aircraft, and expenses related to the restoration of aircraft to service during the quarter.

Despite the traditionally weak monsoon period, SpiceJet maintained a strong Passenger Load Factor (PLF) of 84.3%, showcasing steady passenger demand. Passenger Revenue per Available Seat Kilometre (RASK) improved to INR 4.04 from INR 3.91 in the previous year, while EBITDAR (ex-forex) stood at INR (203.8) crore against INR (58.87) crore in Q2 FY25.

The airline also advanced its ambitious fleet ramp-up programme, finalising damp lease agreements for 19 aircraft and restoring two grounded aircraft to service. Under the winter 2025 schedule, SpiceJet plans to more than double its operational fleet and triple its Available Seat Kilometres (ASKM). It also became the first Indian airline to launch non-stop flights to Najaf, Iraq, expanding its daily operations to 250 flights — more than twice the summer schedule.

Financially, the airline strengthened its balance sheet through several key milestones. It secured a liquidity boost of $89.5 million following a settlement with Carlyle Aviation Partners, unlocking $79.6 million in cash maintenance reserves and $9.9 million in credits. SpiceJet also completed the full repayment of $24 million to Credit Suisse, improving its financial flexibility. The airline’s credit ratings were upgraded consecutively by Acuité (BB Stable) and CRISIL (A4+), reflecting growing confidence in its turnaround strategy.

SpiceJet also achieved zero Level 1 findings in DGCA safety audits over the past year and signed an interline agreement with Gulf Air to enhance international connectivity.

Ajay Singh, Chairman and Managing Director, SpiceJet, said, “The September quarter was a period of consolidation and groundwork for our next phase of growth. While the results reflect short-term costs related to fleet revival and expansion, these are strategic investments that will yield results from the current quarter onward. With aircraft additions and an expanding network, SpiceJet is on a clear trajectory towards stronger operational and financial performance in the second half of the year.”

He added, “Our load factor of over 84% underscores strong demand. With the winter schedule now live and high-yield routes in play, Q3 marks the start of a new chapter of scale, strength, and profitability for SpiceJet. We are also pleased to welcome Sanjay Kumar as Executive Director, his leadership will drive our next phase of transformation.”


IndiGo Faces Nationwide Flight Disruptions as Over 500 Services Get Cancelled

IndiGo Faces Nationwide Flight Disruptions as Over 500 Services Get Cancelled

By Manu Vardhan Kannan

Published on December 5, 2025

IndiGo, one of India’s biggest passenger airlines, is facing major operational disruptions across the country, leading to the cancellation of more than 500 flights. The sudden interruptions have created long queues and crowding at several major airports, with passengers waiting for updates on their flight status.

This marks the fourth consecutive day of disruptions. Delhi airport has been affected the most, with all IndiGo flights cancelled until 3 pm. In Chennai, passengers continued to wait as the airport released an advisory listing the cancelled flights and requested travellers to check with their respective airlines for further updates.

The airline has attributed the crisis to several factors, including minor technical glitches, winter schedule adjustments, adverse weather, and updated crew rostering rules. However, IndiGo has not yet clarified how it plans to return to full operational strength.

The impact has been widespread across other cities as well. Bengaluru airport saw at least 102 cancellations on Friday morning, including 52 arrivals and multiple departures. Hyderabad airport also reported 92 cancellations, adding to the nationwide disruption.

A quick resolution may not be expected immediately, as IndiGo has informed the DGCA that complete restoration of services will take place only by February 10. Issuing a second apology in two days, the airline said, “We extend a heartfelt apology to all our customers and industry stakeholders who have been impacted by these events.”

Passengers scheduled to travel today are strongly advised to check their flight status before heading to the airport.


DLF Mall of India Unveils India’s First 33ft Longines Christmas Tree, Becomes Noida’s Top Festive Attraction

DLF Mall of India Unveils India’s First 33ft Longines Christmas Tree, Becomes Noida’s Top Festive Attraction

By Hariharan U

Published on December 5, 2025

The festive season has officially arrived in Noida with a spectacular new attraction. DLF Mall of India has unveiled India’s first-ever 33-foot Longines Christmas Tree, a grand installation that has instantly become the most visited and photographed spot in the mall.

Placed at the heart of the atrium, the glowing installation has filled the space with warmth, colour and festive charm. Ever since its reveal, families, children, and young visitors have been gathering around the tree to take photos and videos, making it one of the most widely shared festive highlights on social media this year. The Longines Christmas Tree is already being celebrated as Noida’s newest ‘Christmas Photo Point’.

The installation will stay open throughout Christmas and New Year, ensuring visitors can enjoy the festive vibe all season long. The mall is also hosting multiple engagement activities including BTS videos, user-generated content drives, and fun interactions to keep the celebrations lively and inclusive.

Sharing his thoughts on the overwhelming response, Shibli Khan, Vice President & Cluster Head, DLF Mall of India, said, “Christmas naturally brings people closer, and we wanted to create something that truly reflects that spirit. The Longines Christmas Tree has given our visitors a festive, welcoming space to enjoy the season. The response has been heartwarming, and it's wonderful to see how much joy this installation has brought to the community.”

As part of this special collaboration, Longines and DLF Mall of India have curated an elevated festive experience that blends luxury, design, and seasonal charm. The installation showcases Longines’ timeless elegance while reinforcing the mall’s reputation for partnering with premium global brands to create memorable festive celebrations.

With its glowing design and immersive festive setting, the Longines Christmas Tree has quickly emerged as the highlight of Noida’s holiday season—drawing large footfalls and becoming the go-to spot for capturing festive memories.


Ashish Limaye Creates History with India’s First Individual Gold in Eventing at Asian Equestrian Championships

Ashish Limaye Creates History with India’s First Individual Gold in Eventing at Asian Equestrian Championships

By Hariharan U

Published on December 5, 2025

India celebrates a proud sporting milestone as Ashish Limaye, trained and supported by Embassy International Riding School (EIRS), clinches the country’s first-ever individual gold in eventing at the Asian Equestrian Championships. Riding his trusted partner Willy Be Dun, Limaye topped the table with an impressive score of 29.4, marking one of the biggest achievements for Indian equestrian sport in decades.

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This historic win makes him the first Indian rider to secure an individual continental gold since 1982, a moment that has brought tremendous pride to the equestrian community.

Adding to the glory, Team India, featuring Ashish Limaye, Shashank Kanumuri, and Shashank Kataria—secured the silver medal with a combined score of 121.8, finishing just behind Thailand.

Speaking after his emotional win, Ashish shared, “It has been a long journey, but today it all seems worth it. Especially after the last Asian Games when I was leading and had a blank moment – it felt like I let everyone down. Today, this feels like a redemption. I am glad that Jitu Virwani, the Embassy Group, and Silva Storai of Embassy International Riding School still believed in me and my efforts. It takes a village to get here, and it's not just my effort... My family, my trainers – Carola Bierlein and Jerome Robine – and everyone that was a part of it directly or indirectly got us this medal... and on top of the list is my horse WILLY BE DUN!”

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Embassy International Riding School (EIRS), under the leadership of Jitu Virwani, Chairman, Embassy Group, has played a pivotal role in Ashish’s journey. The school has consistently invested in world-class training, international exposure, and all-round rider development.

Silva Storai, Director at EIRS, highlighted his dedication and the team effort behind the win, appreciating the discipline and grit that brought this historic moment to India.

Ashish Limaye’s victory stands as a major inspiration for young riders across the country and reinforces India’s growing presence in global equestrian sport.

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