SpiceJet on Saturday reported a nearly three-fold jump in its standalone net profit for the fourth quarter of FY25. The budget carrier posted a standalone net profit of ₹324.87 crore in the March 2025 quarter, a growth of 174% from ₹118.9 crore in the corresponding quarter of the previous fiscal year.

The company’s revenue from operations in Q4FY25 declined 16% to ₹1,446.37 crore from ₹1,719.37 crore, year-on-year (YoY).

SpiceJet achieved a Passenger Load Factor (PLF) of 88.1% in Q4FY25, while Revenue per Available Seat Kilometre (RASK) during the quarter stood at ₹5.33.

SpiceJet FY25 results

For the full financial year 2024-25 (FY25), SpiceJet reported a standalone net profit of ₹58 crore as against a loss of ₹409 crore in FY24. This was the airline’s first full year profit in seven years. The revenue from operations in FY25 fell 25% to ₹5,284 crore against ₹7,050 crore a year ago.

PLF in FY25 was at 87.7% as against 88.8%, YoY, while RASK grew 9.3% to ₹6.60 from ₹6.04 in FY24.

The Promoter Group of Spicejet completed an equity infusion of ₹500 crore, including the final tranche of ₹294.09 crore in Q4FY25. The airline also launched 24 domestic flights as part of the Summer 2025 schedule and added three more destinations, including Tuticorin, Porbandar and Dehradun in Q4FY25.

“While the revival of our grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, momentum is now clearly building. Our partnerships with world‐class OEMs and MROs like StandardAero and Carlyle Aviation are bearing fruit, and engine overhauls are underway. With overhauled engines now returning, we expect a steady ramp‐up in operational capacity in the weeks ahead,” said Ajay Singh, Chairman and Managing Director, SpiceJet.