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SpiceJet shares rise nearly 3% on renewing IATA IOSA certification
2 min read | Updated on March 28, 2025, 07:46 IST
SUMMARY
Shares of the Gurugram-based budget carrier operator, SpiceJet, rose as much as 2.83% to hit an intraday high of ₹46.46 on the BSE after the company informed exchanges that it has renewed IATA Operational Safety Audit (IOSA) certification.
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SpiceJet shares have so far this year declined 16% underperforming the SENSEX which is down 0.22% year-to-date (YTD). | Image: Shutterstock
"SpiceJet is proud to announce the successful renewal of its IATA Operational Safety Audit (IOSA) certification, a globally recognised benchmark for operational safety. This achievement reaffirms SpiceJetʹs unwavering commitment to maintaining the highest safety and operational standards," SpiceJet said in a press release.
The certification is valid till March 2027.
The IOSA audit, conducted by the International Air Transport Association (IATA), is a rigorous, internationally accepted evaluation of an airline’s operational management and control systems.
The company underwent the comprehensive in two phases – a remote documentation audit, followed by an on-site assessment conducted from December 9 to 12, 2024. A team of five international auditors conducted in-depth checks of the airline’s processes, emergency response procedures, and risk-based maturity framework, SpiceJet said.
“We are delighted to have successfully renewed our IOSA certification, which is a testament to our airline’s steadfast dedication to safety and operational excellence. Safety is and will always be SpiceJet’s topmost priority, and we will continue to invest in the latest technology, training, and processes to ensure the highest standards of safety for our passengers and crew,” said Ajay Singh, chairman and managing director, SpiceJet.
"Securing the IOSA certification not only reaffirms SpiceJet’s compliance with global safety benchmarks but also enhances its credibility, improves operational efficiency, boosts customer satisfaction, and strengthens its competitive edge in the aviation industry," Singh added.
SpiceJet shares have so far this year declined 16% underperforming the SENSEX which is down 0.22% year-to-date (YTD).
SpiceJet's loss in December quarter expanded to ₹441.72 crore from loss of ₹431 crore in the same period last year. Its revenue from operations declined 36% to ₹817 crore from ₹1,281 crore in the year-ago period.
As o 12:43 pm, SpiceJet shares traded 0.66% higher at ₹45.48 outperforming the SENSEX which was down 0.41%.
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