Indian carrier SpiceJet posts first-quarter loss on demand hit from India-Pakistan conflict

Spicejet

05/09/2025 12:31

Sept 5 (Reuters) - Indian low-cost carrier SpiceJet SPJT.BO posted a loss in the first quarter, after leisure travel demand on some routes took a sharp hit during the worst fighting between India and Pakistan in decades.

The troubled airline reported a loss of 2.35 billion rupees ($26.86 million) in the April-June period, compared to a profit of 1.5 billion rupees a year before.

Ties between India and Pakistan nosedived after a deadly attack in Indian Kashmir late April that New Delhi said was backed by Islamabad.

The tensions had triggered airport closures across north-west India, including Jammu, Srinagar and Amritsar, and led to Pakistani airspace being shut to Indian carriers.

($1 = 87.5060 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))