Statement of Unaudited Standalone Financial Results for the quarter ended 30 June 2021

SpiceXpress - SpiceJet's logistics platform - reports a Net Profit
of INR 30 crore; revenue increased by 285% to INR 473 crore as
compared to same quarter last year

For the Quarter ending June 2021
 Registers industry's highest domestic load factor of 69.5%
 Sustained market leadership in passenger RASK amongst listed Indian peers
 Capacity (in terms of Seat Kilometres) increased by 229% as compared to the same
quarter last year
 Revenue from Operations increased by 112% as compared to the same quarter last
year
 Non Cash Ind AS 116 Impact of INR 123.09 crore
 EBIDTAR loss of INR 104 crore and Net Loss of 729 crore
Key highlights for the quarter - SpiceXpress
 SpiceXpress's network spans over 68 domestic & 111 international destinations
including to US, Europe and Africa
 Carried more than 43,000 tonnes of cargo in Q1 FY2022
 Transported more than 33 million doses of Covid‐19 vaccine in Q1 FY2022
 Airlifted around 89,000 oxygen concentrators & Covid‐19 relief material
 Revenue of INR 473 crore in the reported quarter as against INR 166 crore in the same
quarter last year
 Net profit of INR 30 crore in Q1 FY2022
Key highlights for the quarter - Passenger
 Operated 309 charters to various countries including UAE, Saudi Arabia, Georgia,
Bangladesh, Uzbekistan, Croatia, Sri Lanka transporting over 52,000 passengers
 Operated long‐haul flights to and from Toronto and Rome
 Launched SpicePlus, an ancillary product that offers a complete suite of benefits to
customers including preferred seat, complimentary meal with beverage and priority
services
 Introduced special discounted fares for healthcare professionals who have been
leading India's fight against Covid‐19
 Revenue of INR 621 crore in Q1 FY2022 as against INR 349 crore in the same quarter
last year
 EBITDA loss of INR 291 crore in Q1 FY2022 as against loss of INR 81 crore in the same
quarter last year
 Net loss of INR 759 crore for the reported quarter as against loss of INR 642 crore in
the same quarter last year

SpiceJet, India's favourite airline and the leading logistics
platform, reported a net loss of INR 729 crore in the first quarter of FY2022 as against a
net loss of INR 593 crore in the same quarter of the previous year as flight operations
were severely impacted due to Covid‐19 second wave.

Total revenue was INR 1,266 crore for the reported quarter as against INR 705 crore in
the same quarter of the previous year. For the same comparative period, operating
expenses were INR 1,995 crore as against INR 1,298 crore. On an EBITDA basis, loss was
INR 244 crore for the reported quarter as against loss of INR 5 crore for the quarter ended
June FY2021.

The Company's business operations were significantly hit due to the continued impact
of Covid‐19 which has had seriously impacted travel demand during the quarter ended
June 2021.

SpiceXpress's revenue increased by a whopping 285% to INR 473 crore for the reported
quarter as compared to INR 166 crore in the same quarter last year.
Ajay Singh, Chairman and Managing Director, SpiceJet, said, "The last five quarters
have been the most difficult phase ever for SpiceJet as aviation remained the worst‐hit
sector during the second wave as well. Q1 was severely impacted by the second wave as
passenger traffic almost disappeared. While no one can predict the future, with
vaccination numbers picking up and demand for air travel increasing steadily, we hope
the trend reverses soon. I am confident that SpiceJet will recover lost ground quickly as
we are continuously ramping up our operations adding new stations and flights and are
much better placed than this time last year. Our logistics arm continued with its strong
growth story reporting yet another profitable quarter. We are making efforts to further
strengthen the logistics business and are hopeful of driving a strong and profitable
growth in the times to come."
"We are in the process of hiving off our logistics platform, SpiceXpress, which will unlock
significant value for SpiceJet and its shareholders. This will also allow SpiceXpress to
raise capital to fuel its rapid growth."
The Company continues to incur various costs owing to the grounding and the inability
of Boeing 737 Max aircraft to undertake revenue operations over the last two years now.
SpiceJet continues to engage with Boeing to recover damages on account of expenses
incurred by the SpiceJet due to the grounding of the 737 MAX and also engage with
aircraft lessors of the grounded MAX aircraft to restructure the present leases.
In terms of operational parameters, SpiceJet had the best passenger load factor amongst
all airlines in the country during the quarter. The average domestic load factor for the
quarter was 69.5%.
SpiceJet launched 74 new flights during the quarter. The airline operated more than 300
charters transporting over 52,000 passengers across the globe. Since May 25, 2020, the
airline has operated 1928 charters helping close to 3.37 lakh stranded passengers travel
to their destinations. This also included over 25 wide‐body charters to Europe & Canada.
SpiceJet has successfully vaccinated all its operating cabin crew with the first dose of the
Covid‐19 vaccine ensuring the safety of its employees and providing a safe travel
experience to its customers.