Airline Stock Under Rs 40 Jumps After the Company Receives Three New Aircraft; Kicking Off Major Winter Expansion
DSIJ Intelligence-1 / 10 Oct 2025/ Categories: Penny Stocks, Trending
The company has a market cap of over Rs 4,400 crore and the stock is up by 26.52 per cent from its 52-week low of Rs 28.13 per share.
On Friday, shares of SPICEJET LTD jumped 7.6 per cent to Rs 35.59 per share from its previous closing of Rs 33.09 per share. The stock’s 52-week high is Rs 68.98 per share and its 52-week low is Rs 33.09 per share.
SpiceJet has initiated its significant winter expansion plan by immediately receiving and adding three new aircraft to its operational fleet. These first additions include an Airbus A340 wide-body and two Boeing 737s, which are set to begin operations between October 10th and 11th. This initial fleet boost is designed to address the anticipated surge in travel demand during the upcoming holiday season.
This is just the beginning of a major fleet ramp-up, as the airline plans to induct a total of 20 new aircraft into its operational fleet between October and November. These planes will be operated under a damp lease model. To further maximise capacity, the carrier also announced plans to unground four more planes by the middle of December, contributing to its substantial growth strategy.
The induction of these aircraft is a cornerstone of SpiceJet's strategy to significantly increase its service this winter. With this expansion, the airline is firmly on track to more than double its operational fleet size and triple its Available Seat Kilometres (ASKM) by December 2025, enabling the launch of new routes, increased flight frequencies, and the addition of various destinations across its network.
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 4,400 crore and the stock is up by 26.52 per cent from its 52-week low of Rs 28.13 per share.
Disclaimer: The article is for informational purposes only and not investment advice.