Shares in SpiceJet rose by more than 7 per cent in intraday trading on Friday, following the airline’s announcement that it has added three new aircraft to its operational fleet.
SpiceJet added an Airbus A340 wide-body and two Boeing 737s to meet the growing demand for air travel during the holiday season.
The stock reached an intraday high of Rs 35.59 on the BSE, reflecting a 7.56 per cent gain. This marks the second straight session of gains for the low-cost carrier, with the share price climbing nearly 22 per cent over the period.
In a regulatory filing, the airline said the new aircraft would commence operations between 10 and 11 October, signalling the beginning of a substantial fleet expansion. A total of 20 aircraft are set to be added to the operational fleet between October and November under a damp lease model.
SpiceJet also revealed plans to return four previously grounded aircraft to service by mid-December, significantly boosting its overall capacity.
“These new inductions will more than double our operational fleet and triple our Available Seat Kilometres (ASKM) by December 2025,” said Ajay Singh, Chairman and Managing Director of SpiceJet. “Our fleet expansion reflects the robust travel demand we are witnessing and our readiness to meet it with confidence.”
The airline said it is also planning to enhance its route network, increase flight frequencies, and introduce new destinations. As part of its winter schedule, SpiceJet recently launched services to Port Blair and Udaipur.
This latest move underscores the airline’s efforts to scale up operations in response to a resurgence in both domestic and international travel, particularly ahead of the busy festive period. |
