SpiceJet reported revenue decline, heavy losses, and negative EBITDA in Q1 FY26, impacted by geopolitical tensions and supply disruptions.

• Revenue dropped 35.6% YoY to Rs 1,059.88 crore, with expenses also falling due to lower fuel and lease costs.
• Net loss stood at Rs 233.85 crore compared to Rs 158.31 crore profit last year, reflecting severe operational challenges.
• Passenger load factor stayed strong at 86%, while management remains optimistic about recovery with cost reduction and fleet improvements.