SpiceJet is a low-budget air carrier. The airline operates a fleet of Boeing 737s, Q-400s & freighters and is the country's largest regional player operating 63 daily flights under UDAN or the Regional Connectivity Scheme. The airline also operates a dedicated air cargo service under the brand name SpiceXpress offering cargo connectivity across India and on international routes.

The company's consolidated net profit jumped 160.1% to Rs 110.48 crore on 2.7% increase in net sales to Rs 2263.41 crore in Q4 FY23 over Q4 FY22.