Can SpiceJet's turnaround really last? Once seen as a struggling airline, SpiceJet posted a ₹26 crore profit in Q3FY25 after a ₹300 crore loss in the same quarter last year. But how did they turn things around? Three key moves–reducing debt by raising ₹3,000 crore to clear liabilities, expanding its fleet with plans for 100+ aircraft by 2026, and improving efficiency, with a strong 87% Passenger Load Factor. But challenges remain. Its domestic market share is just 3.2%, far from its 17% peak in 2014. Service quality is a concern, with the lowest on-time performance (54.8%) and the highest flight cancellation rate in 2024. Investor skepticism is also high, with doubts over whether the airline’s financial recovery is truly sustainable. Some believe that the company isn’t fully transparent with its financial disclosures. So, can SpiceJet reclaim its position in the aviation market? Read the full story in today's newsletter and follow Finshots for more! https://finshots.in/markets/has-spicejet-finally-left-its-troubles-behind-2/?utm_source=Summary&utm_medium=WhatsApp&utm_campaign=01-03-2025