SpiceJet shares rally 7.5% as airline adds new aircraft to fleet; stock up 16% so far this week

The budget airline said it has added three new aircraft to its operational fleet—including an Airbus A340 wide-body and two Boeing 737s—kicking off its winter expansion plan to meet the rising demand for air travel this holiday season.

“These new planes will join operations between October 10 and 11, marking the start of a major fleet ramp-up,” the company said in a regulatory filing.

A total of 20 aircraft are set to join the airline’s operational fleet between October and November and to be operated under a damp lease model. Additionally, the airline will unground four planes by mid-December, further boosting capacity.

The addition of these planes is the cornerstone of SpiceJet’s strategy to significantly scale up its operations this winter. The airline further said that it is on track to more than double its operational fleet size and triple its available seat kilometres (ASKM), introducing new routes, increasing flight frequencies, and adding exciting destinations across its network.

“This is just the beginning of a large-scale expansion that will redefine SpiceJet’s operations this winter. With every new induction, we are strengthening our operational capabilities, opening new routes, and ensuring greater convenience and connectivity for our passengers across India and beyond,” said Ajay Singh, Chairman and Managing Director, SpiceJet.

“These new inductions will more than double our operational fleet and triple our ASKM by December 2025. Our fleet expansion reflects the robust travel demand we are witnessing and our readiness to meet it with confidence,” Singh further added.

This week, SpiceJet also announced the launch of daily flights to two destinations – Port Blair, the capital of the Andaman and Nicobar Islands, and Udaipur.

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, the company said in its press release.

On October 6, SpiceJet announced the launch of special daily non‐stop Diwali flights connecting Ayodhya with Delhi, Bengaluru, Ahmedabad, and Hyderabad, starting October 8, 2025.

The new flights, commencing in a phased manner, will provide devotees and tourists seamless access to Ayodhya and the opportunity to visit the Shri Ram Temple during the auspicious festival of Diwali, it said.

With these additions, SpiceJet continues to strengthen its domestic network and reaffirm its commitment to making festive travel convenient, affordable, and accessible for all.

At 1:30 PM, the stock was trading at ₹35 per share on the Bombay Stock Exchange, surging 5.77%.

In the last five trading sessions, SpiceJet shares have rallied more than 18%, while in a month’s time, they have climbed almost 6%. It has climbed 16.5% this week so far.  

However, for the six-month period, the stock has lost 21.6%, and year-to-date it has tumbled 38%. Its market capitalisation stands at ₹4,486.96 crore.