Share of Spicejet Limited is currently trading at around Rs.64/-. Existing as well as prospective investors are asking for Spicejet Share Price Targets from 2024 to 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Spicejet Share Price Targets from 2024 to 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Spicejet Limited:
SpiceJet Ltd, one of India’s leading low-cost carriers, has faced significant turbulence in recent years, particularly due to the COVID-19 pandemic and ongoing operational challenges. As of 2024, the airline is navigating through a period of recovery and restructuring, although financial difficulties continue to loom.
Current Business Performance: SpiceJet has been grappling with cash flow issues and grounding of its fleet due to maintenance problems. The airline has faced difficulties in paying lessors, leading to aircraft being repossessed. Additionally, rising fuel costs and intense competition in the Indian aviation market have further strained its financials. In FY2023-24, SpiceJet reported losses, with revenue under pressure due to limited capacity and fluctuating passenger demand. The airline’s load factors remain strong, consistently among the highest in the industry, showing that demand for low-cost travel is still robust.
However, a significant blow came from its grounded fleet of Boeing 737 MAX aircraft. The delays in returning these planes to service have added to the company’s woes, along with legal battles, including arbitration with former promoter Ajay Singh and a settlement with aircraft lessors. Despite these challenges, SpiceJet has taken steps toward a financial restructuring plan and is actively seeking fresh capital infusion to stabilize operations.
Future Business Prospects: Looking ahead, SpiceJet’s future hinges on its ability to secure funding and improve operational efficiencies. If the company successfully restructures its debt and leases, it could regain a competitive edge. The return of Boeing 737 MAX aircraft to service could help reduce operational costs due to their fuel efficiency, potentially improving margins in the long term.
The Indian aviation market is poised for growth, with increasing air travel demand from a growing middle class. SpiceJet, with its strong brand in low-cost aviation, could capitalize on this if it stabilizes its operations. Strategic partnerships, cost control measures, and fleet expansion could position it for recovery. However, it remains critical for the airline to navigate through its financial difficulties and restore investor confidence to ensure long-term sustainability.
Share Price Targets:
Spicejet Share Price Target 2024
Based on the above discussion and analysis, the share price of Spicejet is likely to touch the level of around 70-72 in 2024
Spicejet Share Price Target 2025
Based on the above discussion and analysis, the share price of Spicejet is likely to touch the level of around 75-80 in 2025
Spicejet Share Price Target 2030
Based on the above discussion and analysis, the share price of Spicejet is likely to touch the level of around 125-135 in 2030
Spicejet Share Price Target 2035
Based on the above discussion and analysis, the share price of Spicejet is likely to touch the level of around 210-250 in 2035
Spicejet Share Price Target 2040
Based on the above discussion and analysis, the share price of Spicejet is likely to touch the level of around 400-450 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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