Spicejet share price spiked on Wednesday. (Image Source: Sajeet Manghat/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

SpiceJet Ltd.'s stock soared nearly 5% on Wednesday, extending its recent rally amid strong demand and operational ramp-up plans. The company’s stock has risen nearly 10% in five days and 1.4% in a month.

The rally in Spicejet's share price also follows a recent meltdown faced by IndiGo flights nationwide.

India’s largest airline, IndiGo, has cancelled hundreds of scheduled flights in the past couple of days disrupting travel plans for passengers across major metro cities and regional airports. The cancellations coverd a wide range of domestic routes and a few international sectors, affecting operations from Delhi, Mumbai, Bengaluru, Chenn

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