SpiceJet on Saturday reported a nearly three-fold jump in its standalone net profit for the fourth quarter of FY25. The budget carrier reported a standalone net profit of ₹324.87 crore in the March 2025 quarter, a 174% rise from ₹118.9 crore in the corresponding quarter of the previous fiscal.
The company’s operating revenue declined 16% y-o-y to ₹1,446.37 crore from ₹1,719.37 crore in the fourth quarter of FY25.
SpiceJet achieved a passenger load factor (PLF) of 88.1% in Q4FY25, while revenue per available seat kilometre (RASK) stood at ₹5.33 during the quarter.
SpiceJet FY25 Results
For the full financial year 2024-25 (FY25), SpiceJet reported a standalone net profit of ₹58 crore against a loss of ₹409 crore in FY24. This was the airline’s first full-year profit in seven years. Revenue from operations in FY25 fell 25% to ₹5,284 crore against ₹7,050 crore a year ago.
PLF in FY25 was 88.8%, YoY against 87.7%, while RASK grew 9.3% to ₹6.60 from ₹6.04 in FY24.
SpiceJet’s promoter group has completed an equity infusion process of Rs 500 crore, including the final tranche of Rs 294.09 crore in Q4FY25. The airline also launched 24 domestic flights as part of the Summer 2025 schedule and added three more destinations including Tuticorin, Porbandar and Dehradun in Q4FY25.
“The revival of our grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, but momentum is clearly building now. Our partnerships with world-class OEMs and MROs such as StandardAero and Carlyle Aviation are bearing fruit, and engine overhaul work is underway. With overhauled engines now coming back into service, we expect a steady increase in operational capacity in the coming weeks,” SpiceJet chairman and managing director Ajay Singh said.
