Post by : Rameen Ariff

New Delhi, 5 November 2025 – IndiGo, India’s largest carrier, recorded a net loss of Rs 2,582.10 crore for the September quarter as sharp foreign exchange losses and higher operating costs weighed on results. The airline had reported a loss of Rs 986.7 crore in the same quarter last year and said it expects hedging actions and greater foreign‑currency revenues from international services to help offset currency volatility.

The company had delivered a profit in the preceding quarter, with a Rs 2,176.30 crore net gain in June. Despite the swing, management highlighted the sequential recovery in demand through the summer months.

InterGlobe Aviation reported total income of Rs 19,599.5 crore for the quarter, up from Rs 17,759 crore a year earlier. Passenger ticket revenue rose 11.2% to Rs 15,966.7 crore, while ancillary income increased 14.2% to Rs 2,141.1 crore, lifting overall revenue by 10.4% year‑on‑year.

Stripping out the effect of currency movements, IndiGo posted a net profit of Rs 1,039 million, compared with a net loss of Rs 7,539 million a year ago. Reported foreign exchange losses jumped to Rs 2,892.1 crore from Rs 240.6 crore in the prior comparable period. Other operating costs, including supplementary rentals and maintenance, rose 18.9% to Rs 3,263 crore, while total quarter expenses climbed 18.3% to Rs 22,081.2 crore.

IndiGo CEO Pieter Elbers said, “Optimised capacity deployment delivered about 10% topline growth excluding currency impacts and an operating profit of Rs 104 crore versus a loss last year. We saw progressive recovery in August and September despite significant external headwinds earlier in the year.”

The airline is pursuing international growth by adding aircraft on damp leases. The number of aircraft on ground remains in the 40s and is expected to stay broadly unchanged through year‑end. Additionally, costs are slightly elevated due to the second phase of revised flight duty time limitation norms for pilots.

Looking ahead, IndiGo plans to induct its first long‑range Airbus A321 XLR in December, configured with 183 economy seats and 12 stretch seats, to open new international routes. Coupled with leased Boeing 787 Dreamliners, these fleet additions are aimed at strengthening the carrier’s long‑haul presence.

The airline retained a 64.3% domestic market share in September, while its shares closed slightly lower at Rs 5,635 on the BSE. Management remains positive about scaling operations and revenue growth in the second half of the financial year, forecasting capacity expansion in the early teens.

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