Page 3 - Spicejet

Air space closure, high oil price: How to trade IndiGo, SpiceJet shares?

Domestic brokerage firm Nuvama flagged key concerns, notably the potential impact of Israel-Iran tensions on global oil prices.

Spicejet Q4FY25 results: PAT jumps nearly three-fold to Rs 325 crore

Budget carrier Spicejet on Saturday said its standalone profit after tax surged nearly three-fold to Rs 324.87 crore in the March 2025 quarter. The Gurugram-based airline had posted a PAT of Rs 119 crore in the fourth quarter of FY24, according to a regulatory filing. However, the revenue from operations for the reporting quarter declined 16 per cent year-on-year to Rs 1,446.37 crore from Rs 1,719.3 crore in Q4 FY24, SpiceJet said in the filing. For the 2024-25 fiscal, SpiceJet posted a standalone PAT of Rs 580.74 crore against a loss of Rs 409 crore in the year-ago period. The revenue from operations fell 25 per cent to Rs 5,284 crore in FY25 against Rs 7050 crore a year ago, as per the exchange filing.

IndiGo, SpiceJet shares tumble on dual blow: Oil surge, Air India crash

Aviation stocks fall: InterGlobe Aviation shares fell as much as 5.62 per cent, while the counter of Spice Jet slipped 5.64 per cent on BSE

NCLT asks SpiceJet lessors to submit valid Power of Attorney by July 3

Tribunal defers hearing after SpiceJet flags expired authorisation; lessors directed to file valid Power of Attorney to proceed with insolvency petition

Delhi High Court dismisses appeal seeking ₹1,300 cr damages from SpiceJet

The HC said the delay in refiling was deliberate and concealed from the court; arbitration and a single judge had earlier rejected the damages claim by Maran and Kal Airways

SpiceJet rises 4% as Delhi HC rejects Maran's ₹1,300 crore damages plea

SpiceJet shares rose over 4 per cent after the Delhi High Court rejected KAL Airways and Kalanithi Maran's appeal seeking damages of over ₹1,300 crore

Delhi HC dismisses KAL Airways, Maran's ₹1,300 crore claim against SpiceJet

Kalanithi Maran and KAL Airways sought ₹1,300 crore in damages, claiming SpiceJet failed to issue securities despite receiving ₹679 crore as part of a share transfer agreement

IndiGo, SpiceJet: Aviation stocks fly amid easing tensions between Ind-Pak

At 10:43 AM, shares of InterGlobe Aviation or IndiGo jumped 7.28 per cent to ₹5471.35 per share and SpiceJet gained 7.76 per cent to ₹46.53 per share on BSE

Aviation stocks mixed after few airports shut down amid 'Operation Sindoor'

On Thursday, a total of 27 airports in northern, western, and central India have been shut for commercial operations until May 10, according to reports

Govt, industry must boost green aviation fuel with incentives: SpiceJet CMD

The government and industry have to come together and create a "significant incentive and logistic structure" for the production of sustainable aviation fuel (SAF) to help reduce carbon emissions, SpiceJet CMD Ajay Singh said on Wednesday. Discussions have been held with the Prime Minister's Office for allotment of spaces near airports for SAF refineries to save on transportation costs, and also with oil marketing companies, including IOC, BPCL and HPCL, to build a mini refinery for SAF production in their existing refineries, he added. "I think one of the things that we need to do is to have these SAF refineries, which are relatively simpler, probably closer to airports. If you're really serious about it. We've had this discussion with the PMO as well, that, can you allot spaces, which are close to airports so that the transport cost, which is the largest part of that cost, because you know you have to address these issues," Singh said. The SpiceJet CMD said at that some point the

Major oil-linked companies stock slump after brent crude oil slips 3%

When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses

Oil-linked stocks trade mix after crude oil prices fall below $70/barrel

Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand

SpiceJet, Air India Express gets approved to operate flights from Kathmandu

Two Indian airlines have been allowed to operate regular flights to and from Nepal, according to the Himalayan nation's civil aviation authority. SpiceJet, which had regular flights to Nepal before the COVID-19 pandemic, and Air India Express, making its debut in the country, have received scheduled approval and slots from Kathmandu's Tribhuvan International Airport (TIA), according to Hansa Raj Pandey, spokesperson at the Civil Aviation Authority of Nepal (CAAN). SpiceJet, which mainly flew from Delhi to Kathmandu before its hiatus, will operate daily flights, while Air India Express has received approval for two flights per day. Currently, Air India and Indigo conduct flights between Nepal and India. With the addition of SpiceJet and Air India Express, there will be four Indian airlines operating regular flights between the two countries. Meanwhile, maintenance work on the taxiway at TIA, which previously required flight suspensions, continued its service without halting flights

SpiceJet flight from Jaipur to Chennai lands safely after tyre gets damaged

Despite the ttyre issue, the flight crew continued to the destination after confirming that all other operations and aircraft parameters were normal

SpiceJet, Willis Lease settle dispute; insolvency case to be withdrawn

A ₹3,000 crore QIP capital infusion in September 2024 and ₹294 crore investment by promoter Ajay Singh have helped the airline move towards financial stability

SpiceJet shares pop 3% on settling dispute with Willis Lease; details here

SpiceJet's shares saw an uptick after the company announced the successful resolution of its dispute with Willis Lease Finance Corporation, a global aircraft engine lessor.

SpiceJet shares extend rally, up 10% in 2 days; here's what's driving stock

The buying interest in the stock sparked after promoter Ajay Singh through a bulk deal on BSE, sold 20 million shares for Rs 45 per share

CMD Ajay Singh to infuse Rs 294 cr in airline via another entity: SpiceJet

SpiceJet on Monday said its founder Ajay Singh will infuse Rs 294 crore into the airline through a promoter group entity by way of conversion of warrants into equity shares, following which promoter group's shareholding will increase to over 33 per cent. Singh, also the Chairman and Managing Director of the carrier, will be infusing the funds through Spice Healthcare Pvt Ltd, a promoter group company. In a release on Monday, SpiceJet said Singh will infuse Rs 294.09 crore into the company through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (13.14 crore equity shares). "This strategic move will increase the consolidated shareholding of the promoter group in SpiceJet from the current 29.11 per cent to 33.47 per cent," the release said. Besides, Singh is selling up to 3.15 crore equity shares of the airline and the proceeds will be utilised to enable Spice Healthcare Pvt Ltd to partially fund the balance of 75 per cent of the amount at the time o

SpiceJet shares fly 7% as promoter to infuse Rs 294 crore in company

A meeting of the board committee will be held shortly, on or before March 18, 2025, to approve the allotment of equity shares pursuant to the exercise of the warrant conversion option

SpiceJet MD Ajay Singh sells 0.9% stake in company for Rs 52 crore

Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9 per cent stake in Gurugram-based SpiceJet. The shares were disposed of at an average price of Rs 45.34, taking the transaction value to Rs 52.31 crore. After the stake sale, Singh's holding in SpiceJet has come down to 22 per cent from 22.90 per cent. Also, the combined shareholding of promoters and promoter group of the company has declined to 28.23 per cent from 29.13 per cent. Details of the buyer(s) of SpiceJet's shares could not be ascertained on the exchange. Shares of SpiceJet on Thursday declined 6.38 per cent to close at Rs 45.48 apiece on the BSE. Earlier, the budget airline was facing a fresh round of troubles as three Ireland-based aircraft lessors and a former pilot filed insolvency pleas in NCLT