SpiceJet shares remain in focus on the launch of 24 new flights this summer

Stock Market Today: SpiceJet Ltd share price remained in focus today as the company announced that it will launch 24 new flights this summer.

Spice Jet share price movements

SpiceJet share price opened at ₹46.61 on the BSE on Wednesday, lower than the previous day's closing price of ₹46.79. However, with the news flow around the expansion of the domestic network, SpiceJet share price gained to intraday highs of ₹47.14. It did not manage to hold gains and slipped to intraday lows of ₹45.31 amidst weak market conditions.

SpiceJet Domestic Network expansion

SpiceJet announced that it plans to expand its domestic network and will launch 24 new flights for Summer 2025.

As part of its Summer 2025 schedule, SpiceJet today announced the opening of 24 additional domestic routes. The press release by SpiceJet said that to improve connectivity throughout the nation, the airline is growing its network by adding three more destinations: Tuticorin, Porbandar, and Dehradun.

New flight destinations

Tuticorin will be connected to Chennai and Bengaluru, with a daily direct flight to Bengaluru and twice-daily flights to Chennai, offering passengers the convenience of same-day return travel

As per SpiceJet, this summer, travelers from Ahmedabad, Bengaluru, Delhi and Mumbai will enjoy seamless access to the picturesque and cool retreat of Dehradun, with direct SpiceJet flights connecting them to the serene foothills of the Himalayas

In order to give passengers more travel options, SpiceJet will further expand its domestic network by adding new flights on the Ahmedabad-Srinagar and Pune-Varanasi sectors. It will also reconnect Bengaluru with Goa and Pune with Chennai

Beginning on April 1, 2025, there will be a nonstop flight from Porbandar to Mumbai that runs twice a week on Tuesdays and Thursdays.

Debojo Maharshi, Chief Business Officer, SpiceJet, in a statement said that, “As the summer holidays approach, we are excited to present a bouquet of new destinations to make your summer vacations unforgettable".

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.