By Shishir Prashant 
PrashantNews
Shares of Spicejet were on Wednesday recovered minutes before the closing bell after remaining locked in lower circuit on BSE at ₹12.88 (-1.43) (-9.99%) in the day as the budget airline continued to face multiple problems including that of poor financial results in the Q3 December quarters.
For few hours, Spicejet remained at ₹12.88 which was the airline’s lowest stock price in more than 11 years.
But just before the closing bell, the stock recovered and turned into green finally closing at ₹14.48 +0.17 (+1.19%).
Last year, the stock had made the 52-week high of Rs 56.80 on April 28. But soon after making the year’s high, the stock began falling gradually due to multiple problems that it faced. The stock has been declining for several sessions — about a 25 percent drop over the past 7 trading days.
The budget carrier swung to a ₹262 crore loss in the December quarter (Q3FY26), as compared to a ₹20 crore profit in the corresponding period last year. The airline’s total income declined 6.6 per cent year-on-year (Y-o-Y) to ₹1,545 crore, while total expenses rose 9.4 per cent Y-o-Y to ₹1,787 crore. On a sequential basis, however, the loss narrowed from ₹622 crore in the September quarter.
The BSE Exchange has also sought clarification from Spicejet Ltd with reference to the media reports for not paying dues on using airspace of Bangladesh. The airline says it is working for early resolution.
The Airline’s Ladakh-bound flight from New Delhi returned after it faced engine problem on Tuesday causing big concern in the aviation sector.
Meanwhile, SpiceJet in a filing has claimed that it recorded a sharp improvement in its domestic market position, with its market share more than doubling from 1.9% in September 2025 to 4.3% in December 2025, underscoring the airline’s rapid operational recovery and capacity-led growth.
“The strong rebound was driven by a 56% expansion in capacity during Q3, supported by the induction of 16 aircraft during the quarter. The increase in flying translated into
a wider network, improved schedules and stronger passenger traction across key markets. SpiceJet has continued to build on this momentum. The airline doubled its capacity in
the last quarter, with Available Seat Kilometres (ASKMs) rising from around 55 crore to 105 crore, reflecting a significant strengthening of its network. Over the course of
the year, SpiceJet plans to more than double its capacity, targeting 220 crore Available Seat Kilometres by Winter 2026, while operating over 300 daily flights across its
network. With this expansion, the airline expects to significantly increase its market share further,” the Company said.
To support this expansion, the airline is working towards ramping up its fleet to around 60 aircraft through a mix of wet and damp leases, along with the phased return
to service of existing grounded aircraft. SpiceJet has also received a Memorandum of Understanding (MoU) for the induction of 10 aircraft.