SpiceJet jumped 12.66% to Rs 91.65 on BSE while shares of Interglobe Aviation rallied 4.45% to Rs 1717.65.

Civil aviation minister Hardeep Singh Puri on Thursday tweeted: Domestic operations recommenced with 30K passengers on 25 May & have now touched a high of 2.52 lakhs on 30 Nov 2020. Ministry of Civil Aviation, Government of India is now allowing domestic carriers to increase their operations from existing 70% to 80% of pre-COVID approved capacity.

In last one month, SpiceJet has jumped 87.4% while Interglobe Aviation has advanced 28%. The benchmark S&P BSE Sensex rose 10.39% in the same period.

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SpiceJet announced that the 36th Annual General Meeting (AGM) of the company will be held on 24 December 2020.

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Regulators around the world grounded the Boeing 737 Max in March 2019, after two crashes that killed a total of 346 people in 2018 and 2019. US regulators have cleared the Boeing 737 MAX after a comprehensive and methodical 20-month review process.

In a statement made on Wednesday (18 November 2020), the Federal Aviation Administration (FAA) said: FAA Administrator Steve Dickson today signed an order (PDF) that paves the way for the Boeing 737 MAX to return to commercial service. Administrator Dickson's action followed a comprehensive and methodical safety review process (PDF) that took 20 months to complete.

During that time, FAA employees worked diligently to identify and address the safety issues that played a role in the tragic loss of 346 lives aboard Lion Air Flight 610 and Ethiopian Airlines Flight 302.

The media reported that the aircraft is yet to get go-ahead from Directorate General of Civil Aviation (DGCA) to resume operations in India.

SpiceJet is reportedly the only Indian airline operating 737 Max planes in its fleet.

Following the worldwide grounding during March 2019 of Boeing 737 MAX aircraft due to technical reasons, the company's fleet of thirteen Boeing 737 MAX aircraft continues to be grounded,” Spicejet had said while announcing its September quarter results.

The low cost air carrier reported a consolidated net loss of Rs 105.61 crore in Q2 September 2020 as against net loss of Rs 461.22 crore in Q2 September 2019. On a consolidated basis, net sales tumbled 62.6% to Rs 1,031.66 crore in Q2 September 2020 over Q2 September 2019.

SpiceJet is a domestic low-budget air carrier which provides scheduled flights between major cities in India. It operates a fleet of Boeing and Q-400s that allow for greater efficiency in maintenance and to support its low-cost structure.

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Shares of the low-cost air carrier have gained 15.43% in three trading days from its previous closing low of Rs 54.45 on 13 November 2020. The stock is up 104% from its 52-week low of Rs 30.80 reported on 25 March 2020. The stock hit a 52-week high of Rs 120 on 1 January 2020.

A foreign brokerage has reportedly upgraded the stock to Buy from Hold with a price target of Rs 80. The brokerage said that abating of survival risk is yet to build into stock price.

SpiceJet is a domestic low-budget air carrier which provides scheduled flights between major cities in India.

The company reported a reported net loss of Rs 112.59 crore in Q2 FY21 compared with net loss of Rs 462.58 crore in Q2 FY20. Net sales fell 63.17% to Rs 1,016.08 crore during the period under review due to COVID‐19. For the same comparative period, expenses were Rs 1,418 crore as against Rs 3,536 crore.

Revenue from cargo increased by 39% in Q2 FY21 over Q1 FY20. In terms of operational parameters, SpiceJet had the best domestic passenger load factor of 73.1% amongst all airlines in the country during the quarter. The company's capacity (in terms of seat kilometre for passenger segment) contracted by 71% in Q2 September 2020 as compared to same quarter last year.

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