SpiceJet Share Price Soars Following Fleet Addition and Route Launches

India’s budget carrier SpiceJet (SG) has inducted nearly five aircraft into its operational fleet in October 2025. This includes:

• A newly leased Boeing 737
• The un-grounding of a Boeing 737 MAX

as part of its winter expansion plan. The fleet additions come during the festive and holiday season in India where SpiceJet wants to capitalize on. The carrier is aiming to more than double its capacity and triple its available seat-kilometres (ASKM) by December 2025.

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Spicejet’s Latest Fleet Additions and Operational Impact

Earlier in October, SpiceJet had already inducted two Boeing 737s and one wide-body Airbus A340 aircraft. The addition of another Boeing 737 aircraft and simultaneously un-grounded a 737 MAX aircraft brings the number of aircraft it has added to its fleet to five this month.

Currently, SpiceJet operates a total of 58 aircraft, 33 of which are the Boeing 737 types- the most prominent type in its fleet. It also operates 24 De Havilland Canada DHC-8 Dash 8s, and a solitary Airbus A340, which is registered YR-LRE and is 17.3 years old. In July, the carrier had announced that it would be “inducting five Boeing 737s on damp lease from another operator“. This was to take the total number of new fleet additions to 10, and the carrier had also stated that it had “advanced discussions to lease more aircraft ahead of the winter 2025 schedule“.

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According to Business Today, SpiceJet “will operate 250 daily flights, up from 125 flights in the Summer Schedule 2025 and 150 flights during the last winter season“.

Before the end of the year, the expanded fleet is expected to help the carrier more than double its operational fleet and triple its ASKM, reported the Economic Times, where Debojo Maharshi, Chief Business Officer at SpiceJet was quoted as having said:

“This marks another strong step in SpiceJet’s growth story…..With the latest inductions and the return of another 737 MAX, we are focused on meeting the surge in travel demand, expanding connectivity, and enhancing convenience. By December 2025, our expanded fleet will help us more than double capacity and triple our available seat kilometre (ASKM).”

SpiceJet fleet breakdown (as of October 2025)

Source: Planespotters.net

Earlier, this month. Ajay Singh, Chairman and Managing Director of SpiceJet, had echoed a similar sentiment to Maharshi, when he was quoted in The Travel World about increasing SpiceJet’s ASKMs almost threefold:

“This is just the beginning of a large-scale expansion that will redefine SpiceJet’s operations this winter. With every new induction, we are strengthening our operational capabilities, opening new routes, and ensuring greater convenience and connectivity for our passengers across India and beyond.”

SpiceJet had introduced the following flights this month:

• Daily flights to Port Blair in the Andaman and Nicobar Islands and Udaipur.
• Special non-stop flights in the festive season of Diwali where it connected Ayodhya with Ahmedabad, Bengaluru, Delhi, and Hyderabad.

SpiceJet’s Key Aircraft Types and Implications for Customer-Experience

Among the fleet additions are narrow-body Boeing 737 aircraft and a wide-body Airbus A340. The Airbus A340 is noteworthy because it allows long-haul operations or high-density sectors, and SpiceJet hasn’t really had a strong experience operating this aircraft type. Here’s SpiceJet’s history of working with the A340:

Year / Period	Leasing Partner	Number of Aircraft	Purpose / Notes
Pandemic (approx. 18 months)	Hi Fly Malta	1	Airbus A340-300 ‘preighter’ for freight operations
May – June 2024	Legend Airlines	1	Operated for Hajj passenger operations
May – June 2025	Legend Airlines	2	Operated for Hajj passenger operations
Overall	Legend Airlines	3	SpiceJet has operated all three of Legend’s Airbus A340-300s

Source: Aerospace Global News

According to SpiceJet itself, it “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 the most spacious economy-class seating in India dubbed “SpiceMax”.

Let’s compare the seating configuration that SpiceJet has for various 737 types it has in its fleet:

SpiceJet Boeing 737 Aircraft Seat Configuration Comparison

Economic Implications of Spicejet’s Induction of New Aircraft

Following, SpiceJet’ induction of new aircraft in its fleet, SpiceJet Ltd’s shares rose 6.28 per cent on October 27. This meant that the shares had hit a high of $0.46 (Rs 40.59). Over the past month along, the stock of the airline had gained almost a third. Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, was quoted in a source noted earlier:

“SpiceJet has witnessed a strong resurgence in the last 2-3 trading sessions and is now placed towards 200 DEMA. The recent move, backed by volumes, suggests a potential countertrend, with support placed around Rs 36 ($0.41), followed by Rs 33 ($0.37) subzones. On the higher end, the intermediate resistance could be seen around $0.48 (Rs 42).”

Here’s a table elucidating Spicejet’s financial front: