SpiceJet shares surge amid IndiGo crisis, plans fleet expansion

• SpiceJet shares surged over 10% on Monday, rising more than 14% in two sessions.
• The rally is linked to IndiGo's widespread flight cancellations and operational crisis.
• IndiGo has canceled over 2,000 flights in six days and received a DGCA show-cause notice.
• SpiceJet plans to double its operational fleet by year-end and return 8 grounded Boeing aircraft by April 2026.
• The airline aims to nearly triple its Available Seat Kilometers (ASKM) by the end of 2025.

Why It Matters: SpiceJet's stock surge due to IndiGo's crisis impacts airline investment outlook.