After a record profit in Q1 FY26, aviation major Interglobe Aviation, the operator of airline major IndiGo, has recorded a net loss of ₹2,582 crore in the seasonally weak July-September quarter of FY2025-26, compared to a ₹986.7 crore loss during the same period last year. "Including the impact of currency movement on dollar-based future obligations, the net loss for the quarter aggregated to ₹25,821 million (₹2,582 crore)," IndiGo said in an exchange filing today.

IndiGo said its total revenue for the said quarter stood at ₹19,599.5 crore, a 10% growth on a year-over-year basis. For the quarter, passenger ticket revenues were ₹15,966.7 crore, an increase of 11.2%, and ancillary revenues were ₹2,141.1 crore, an increase of 14.2% compared to the same period last year. "Excluding the impact of currency movement, IndiGo reported a net profit of ₹103.9 crore as compared to a net loss of ₹753.9 crore during the same period last year."

Total expenses for the quarter ended September 2025 were ₹22,081.2 crore, an increase of 18.3% over the same quarter last year. For the quarter, IndiGo recorded a capacity increase of 7.8% to 41.2 billion, and its total passengers increased 3.6% to 28.8 million. "Yield increased by 3.2% to ₹4.69, and load factor was flat at 82.5%. Revenue from operations increased by 9.3% to ₹185,553 million (₹18,555.3 crore)."

Further, a reduction in fuel CASK (cost per available seat kilometre) was recorded at 16.3% to ₹1.45, while CASK ex fuel ex foreign exchange increased by 3.9% to ₹3.01. Earnings before interest, taxes, depreciation, amortisation, and rent (EBITDAR), excluding forex impact, stood at ₹3,800 crore (20.5% EBITDAR margin), compared to ₹2,666.8 crore (15.7% EBITDAR margin) YoY.

Pieter Elbers, CEO, said the company's optimised capacity deployment has enabled it to deliver an operational profit of ₹104 crore compared to an operational loss last year. "As India’s aviation sector continues to grow and mature, we recognise the importance of structurally optimising capacity during seasonally weaker periods to sustain profitability. The quarter also had a very strong operational performance as IndiGo continues to lead the on-time performance charts, customer appreciation, and expansion of the network. The year began with significant external challenges across the industry, but we saw stabilisation in July and a strong recovery through August and September."

Looking ahead, Elbers said the company has scaled up its operational plans for the second half to meet demand and continue driving growth. "With that, we have nudged up our capacity guidance for the full financial year 2026 to early teens growth.”

As of September 30, 2025, IndiGo had a total cash balance of ₹53,515.2 crore, comprising ₹38,516.7 crore of free cash and ₹14,998.5 crore of restricted cash. The capitalised operating lease liability was ₹49,651.4 crore, and the total debt (including the capitalised operating lease liability) stood at ₹74,814 crore. IndiGo's fleet of 417 aircraft included 30 A320 CEOs (4 damp lease), 180 A320 NEOs, 153 A321 NEOs, 47 ATRs, 3 A321 freighters, 2 B777 (damp lease), and 2 B787 (damp lease); a net increase of 1 passenger aircraft during the quarter. The airline operated at a peak of 2,244 daily flights during the quarter, including non-scheduled flights, and provided scheduled services to 94 domestic destinations and 41 international destinations.