Low-cost Carrier Business ModelOperating as a low-cost carrier is a durable business model that prioritizes high utilization and ancillary upsells. This structure supports scalable route expansion and unit-cost focus, enabling the company to compete on price and drive consistent passenger volume over months.

Diversified Ancillary Revenue StreamsAncillary fees provide a recurring, higher-margin revenue layer that is less sensitive to base fare volatility. Sustained ancillary income supports unit economics, helps offset ticket revenue swings, and can improve cash generation per passenger over a multi-month horizon.

Positive EBITDA MarginsReported positive EBITDA margins indicate the core operations generate cash earnings before capex, interest and tax. This underlying cash-earning ability provides a base to stabilize operations, fund short-term needs or support restructuring if fixed costs or financing are addressed.

Bears Say

Negative Stockholders' EquityNegative equity means liabilities exceed assets, signaling potential insolvency risk. This structural weakness limits financing options, increases refinancing and covenant pressure, and constrains the company’s ability to invest or absorb shocks without material recapitalization.

Persistent Cash Flow StrainOngoing negative operating cash flow and falling free cash flow undermine liquidity and the ability to service debt, lease obligations and maintenance capex. Over months this pressure can force asset sales, route cuts, or emergency financing under unfavorable terms.

Sustained Operating Losses And Weak MarginsConsistent negative gross, EBIT and net margins indicate structural issues with yields, costs, or network economics. Without material operational improvements or revenue mix shifts, losses will continue to erode balance sheet and limit reinvestment, requiring long-term corrective action.

SPICEJET FAQ

What was SpiceJet Limited’s price range in the past 12 months?

SpiceJet Limited lowest stock price was ₹16.53 and its highest was ₹56.80 in the past 12 months.

What is SpiceJet Limited’s market cap?

SpiceJet Limited’s market cap is ₹25.91B.

When is SpiceJet Limited’s upcoming earnings report date?

SpiceJet Limited’s upcoming earnings report date is Aug 07, 2026 which is in 169 days.

How were SpiceJet Limited’s earnings last quarter?

SpiceJet Limited released its earnings results on Feb 12, 2026. The company reported -₹1.9 earnings per share for the quarter, missing the consensus estimate of N/A by -₹1.9.

Is SpiceJet Limited overvalued?

According to Wall Street analysts SpiceJet Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does SpiceJet Limited pay dividends?

SpiceJet Limited does not currently pay dividends.

What is SpiceJet Limited’s EPS estimate?

SpiceJet Limited’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does SpiceJet Limited have?

SpiceJet Limited has 1,526,099,500 shares outstanding.

What happened to SpiceJet Limited’s price movement after its last earnings report?

SpiceJet Limited reported an EPS of -₹1.9 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -5.553%.

Which hedge fund is a major shareholder of SpiceJet Limited?

Currently, no hedge funds are holding shares in IN:SPICEJET

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

SpiceJet Limited

SpiceJet Limited provides air transportation services. It operates through Air Transport, and Freighter and Logistics Services segments. The company offers passengers and cargo air transportation services under the SpiceJet brand name. It operates 98 fleets covering 250 routes, which include 212 domestic and 38 international destinations. SpiceJet Limited was incorporated in 1984 and is headquartered in Gurugram, India.