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SpiceJet’s Revival Hinges on Ungrounding And Fleet Expansion — Read PL Capital Report
While damp lease inductions will help to boost capacity temporarily; the key to long term revival is ungrounding and fresh inductions.
09 Dec 2025, 04:07 PM IST 
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The real game-changer will be ungrounding eight Boeing aircraft by April 2026 and fresh inductions, including four Boeing 737s by May 2026.
(Image: Shubhayan Bhattacharya/ NDTV Profit)
While operational metrics such as load factor (84%) and pax yield (Rs 4.55) remain under pressure, PL Capital believes that successful execution of fleet revival and liability restructuring will be pivotal for SpiceJet’s long-term recovery.
