Airline stock under Rs 40: Company Signs Interline Agreement with Gulf Air to Enhance Global Connectivity

SpiceJet Ltd has entered into an interline agreement with Gulf Air, the national airline of Bahrain, to expand its global connectivity. This partnership will allow SpiceJet passengers to book connecting flights to destinations across the Middle East, Africa, Europe and Central Asia using Gulf Air's extensive network, with a seamless connection via Bahrain.

In return, Gulf Air customers will gain access to SpiceJet's vast domestic network within India. The agreement leverages the strengths of both airlines and aims to provide enhanced travel experiences for their passengers. Ticket sales for the new partnership are expected to begin in early 2026.

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About the Company

SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before. SpiceJet is an IATA‐IOSA certified airline that operates a fleet of Boeing 737s & Q‐400s and is one of the country’s largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airlineʹs fleet offers SpiceMax, the most spacious economy‐class seating in India.

In June 2025, FIIs sold 8,48,326 shares of this airline stock under Rs 40 and decreased their stake to 11.79 per cent compared to March 2025. Additionally, Authum Investment & Infrastructure Limited holds a 2.66 per cent stake and Plutus Wealth Management LLP holds a 1.06 per cent stake in the company as of June 2025. In its annual results, the company reported net sales of Rs 5,284 crore, an operating loss of Rs 466 and a net profit of Rs 58 crore in FY25. The company has a market cap of over Rs 4,500 crore and the stock is up by 17 per cent from its 52-week low of Rs 31.25 per share.

Disclaimer: The article is for informational purposes only and not investment advice.