SpiceJet expands with 100 more flights daily! Stock jumps 5%

SpiceJet is significantly boosting its winter operations, adding up to 100 daily flights to meet surging demand amid IndiGo’s widespread cancellations. This expansion, supported by reactivated aircraft, aims to capitalize on market gaps. IndiGo’s pilot shortage led to over 5,000 flight cancellations and a government-mandated schedule reduction, creating an opportunity for competitors and potentially rebalancing market share.