SpiceJet Shares Drop 10 Percent to 11-Year Low Amid Heavy Block Deals

Shares of SpiceJet fell sharply by 10 percent to Rs 12.88, hitting an 11-year low amid heavy block deals involving about 8.4 percent of its equity on the BSE. Despite this selling pressure and operational challenges such as Bangladesh barring its airspace over pending dues, the airline continues its expansion plans, aiming to more than double capacity to 220 crore Available Seat Kilometres by Winter 2026 and increase its fleet to around 60 aircraft.