The company's revenue from operations fell 36% year-on-year to Rs 1,060 crore, compared to Rs 1,646 crore in Q1 FY25. Sequentially, revenue was down 24% from Rs 1,394 crore in Q4 FY25. SpiceJet had posted a consolidated net profit of Rs 342 crore in the previous quarter.
SpiceJet attributed the weak performance to geopolitical tensions with a neighbouring country, airspace restrictions in key international markets, and delays in returning grounded aircraft to service amid global supply chain disruptions and engine overhaul challenges.
Investor sentiment weakened in Monday's trade, with the stock slipping over 4% as the disappointing earnings weighed on market confidence.