Newsletter
India’s most talked-about airline just reported its Q3 numbers, and it did not exactly take off. Revenue grew, but profits took a sharp hit after a messy quarter.
The key numbers:
Net profit: down 77.5% YoY to ₹550 crore vs ₹2,448 crore
Revenue: up 6.2% YoY to ₹23,471 crore vs ₹22,110 crore
Exceptional loss: ₹1,547 crore
IndiGo said the profit drop was driven by the impact of new labour codes and a major operational disruption in December 2025.
Operationally, the airline said capacity rose 11.2% YoY, while passengers increased 2.8% YoY in Q3 FY26.
Despite the turbulence, IndiGo’s CEO said topline growth stayed strong.
The airline flew nearly 32 million customers this quarter and about 124 million in calendar year 2025, and reiterated its focus on reliability, operational excellence, and customer experience.
