03-Nov-2026 12:07:03
SpiceJet’s Market Share Slumps to 1.9% as Financial Troubles Mount; Active Fleet Stands at 15 Aircraft
SpiceJet is facing mounting financial and operational challenges, with its domestic market share falling to 1.9%. As of November 2026, the airline’s active fleet has risen to just 15 aircraft following the addition of wet-leased Airbus A321s and A320s, despite plans to induct 20 aircraft. The cash-strapped carrier continues to face aircraft lessor disputes, payment pressures and legal battles, including dues owed to former promoter Kalanithi Maran. Its shrinking operations raise questions about the sustainability of its turnaround plans.