SpiceJet increased its domestic market share to 4.3% in December 2025. It stood at 1.9% in September, the airline said in stock exchange filings. The change happened within three months, according to the release.
The carrier linked the rise to more flying and a larger active fleet. It said it improved schedules and restored service on key routes. It said the steps supported an operational recovery after capacity constraints.
SpiceJet said it expanded capacity by 56% during the October–December quarter (Q3). It said the company inducted 16 aircraft during the quarter. The airline said the added aircraft widened its network and lifted flight frequencies. It also said the stronger schedule helped it attract more passengers on key routes.
The company said the Q3 increase translated into a wider network and better schedules. It said that the combination improved passenger traction across key markets. Debojo Maharshi, Chief Business Officer at SpiceJet, linked the rise to the rebuilt capacity. He said the airline will strengthen connectivity and improve reliability as it scales.
SpiceJet reported a jump in Available Seat Kilometers, or ASKMs, in Q3. ASKMs rose to about 105 crore from around 55 crore in the prior quarter. ASKMs measure how many seats an airline flies over a set distance. Airlines use the metric to track capacity and network deployment over time.
SpiceJet said it plans to more than double capacity over the course of the year. It targeted about 220 crore ASKMs by Winter 2026. It also said it aims to operate over 300 daily flights.
The February 19 filing used 225 crore ASKMs in the headline. However, the text in that release cited a 220 crore target. The filings, therefore, point to a 220–225 crore range.
SpiceJet said it is working toward a fleet of around 60 aircraft. The plan uses wet leases and damp leases. It also includes phased returns of grounded aircraft. The February 19 filing said the board approved a calibrated ramp-up plan. It linked that plan to leases and the return to service of grounded aircraft.
The airline said it received a memorandum of understanding to induct 10 more aircraft. It said the MoU supports capacity expansion and network rebuilding.
In a wet lease, the lessor typically provides aircraft, crew, maintenance, and insurance. In a damp lease, the lessor usually provides aircraft, crew, and maintenance. SpiceJet said it will pursue balanced growth that mixes fleet restoration and selective additions. It said it aims to strengthen its network and support long-term sustainability.
SpiceJet described itself as an IATA-IOSA certified carrier in the filings. It said it operates Boeing 737 and Q400 aircraft. It also said it flies under the UDAN connectivity scheme. The 20 February release said the airline expects the expansion to lift market share further. It issued a release from Gurugram.
SpiceJet’s stock traded flat during intraday trading on February 20. The share price remained down 30.61% over the prior month, according to market data.