SpiceJet reported weak Q1FY26 results, with revenue falling 34.8% year-on-year and 23.5% quarter-on-quarter to ₹1,120.21 crore. The airline posted a net loss of ₹235 crore and operating loss of ₹82 crore. Most revenue came from air transport services and management aims to improve fleet reliability, cut costs, and expand its network, expecting recovery amid India's growing aviation sectors.