SpiceJet shares soar over 7% after adding three aircraft; holiday travel demand drives fleet expansion

SpiceJet shares soar over 7% after adding three aircraft; holiday travel demand drives fleet expansion

SpiceJet Shares Today: Shares of SpiceJet jumped more than 7 per cent in intraday trading on Friday after the airline announced the addition of three new aircraft to its operational fleet, as it ramps up capacity for the holiday season. The stock hit an intraday high of Rs 35.59 on the BSE, rising 7.56 per cent. Over the past two sessions, SpiceJet shares have gained nearly 22 per cent, reflecting investor optimism over fleet growth and rising travel demand.

At 12:38 pm on Friday, SpiceJet shares were trading at Rs 35.00, up 5.77 per cent.

According to a regulatory filing, the new aircraft include an Airbus A340 wide-body and two Boeing 737 planes. “These planes will join operations between October 10 and 11, marking the start of a major fleet ramp-up,” the airline said. SpiceJet plans to induct a total of 20 aircraft between October and November under a damp lease model, while four grounded planes will be returned to service by mid-December.

Add Zee Business as a Preferred Source

Add Zee Business as a Preferred Source

Ajay Singh, Chairman and Managing Director of SpiceJet, said, “These new inductions will more than double our operational fleet and triple our ASKM by December 2025. The fleet expansion reflects the strong travel demand we are seeing and our readiness to meet it with confidence.”

The airline also plans to increase flight frequencies, launch new routes, and add destinations across its network. Earlier, SpiceJet had announced winter services to Port Blair and Udaipur, underscoring its focus on domestic travel growth during peak season.

Market analysts said the fleet expansion is likely to support revenue growth as passenger traffic rises this holiday season. The airline’s aggressive capacity additions are expected to strengthen its domestic network and enhance international operations where demand is rebounding.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *