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SpiceJet in red ink as revenue drops 40% and losses deepen
Economy
Published on 24 April 2026
Free cash halved again as revenue plunges 40%
SpiceJet’s recent numbers raise fresh concerns despite last year’s INR 3,000 crore funding. In the April–June quarter, usually its strongest period, the airline posted an INR 240 crore loss. Free cash dropped from INR 700 crore in March to around INR 300 crore in June, while revenue fell 40% between March and June. Can it turn around in time?
- SpiceJet posted an INR 240 crore loss in April–June
- Revenue plunged about 40% between March and June
- Free cash fell from INR 700 crore to around INR 300 crore
- Question now is whether turnaround is still possible
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times