Airline Stock Under Rs 20: SpiceJet Receives MoU for 10 Aircraft; Capacity Set to More Than Double This Year

SpiceJet has entered into a Memorandum of Understanding to induct 10 new aircraft, a strategic move that aligns with the Board’s recent approval to ramp up its fleet to 60 vessels. This expansion strategy utilises a combination of wet and damp leases alongside the phased return of previously grounded aircraft to active service. Having already doubled its capacity in the last quarter—increasing Available Seat Kilometres (ASKMs) from 55 crore to 105 crore—the airline is now positioned to more than double its total capacity over the coming year. This growth trajectory is designed to enhance operational reliability and meet rising passenger demand through a disciplined and sustainable approach.

By Winter 2026, SpiceJet targets a significant operational milestone of over 300 daily flights and a capacity of 220 crore ASKMs. This ambitious scaling effort highlights the airline's transition toward a more robust network and long-term financial sustainability. By focusing on fleet restoration and selective capacity additions, the Gurugram-based carrier aims to strengthen its connectivity across India and beyond. This balanced growth strategy ensures that the airline can effectively manage its recovery while rebuilding its market presence in a competitive aviation landscape.

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 airline's fleet offers SpiceMax, the most spacious economy-class seating in India.

Authum Investment & Infrastructure Limited holds a 2.51 per cent stake in the company as of December 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 2,500 crore and the stock is up by 4.4 per cent from its 52-week low of Rs 16.53 per share.

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