InterGlobe Aviation Ltd, the parent company of IndiGo Airlines, reported a consolidated net loss of ₹2,582 crore for the second quarter of FY26. This figure is more than double the ₹986.7 crore loss recorded during the same period last year.
Loss Driven by Rising Costs
The sharp increase in operating expenses and foreign exchange losses largely contributed to this financial setback. IndiGo’s forex loss rose almost twelvefold to ₹2,892 crore, heavily impacting its bottom line.
Profit Excluding Currency Impact
Excluding the effect of currency fluctuations, IndiGo posted a net profit of ₹104 crore. This marks a major improvement over last year’s ₹754 crore loss, showing resilience in its core operations.
Revenue Growth Amid Pressure
Operational revenue grew 9.3% year-on-year to ₹18,555 crore, driven by higher passenger traffic and better yields. However, total expenses climbed 18.3% to ₹22,081 crore, offsetting gains from lower fuel prices.
Expenses and Fleet Performance
While fuel costs fell by 9.7%, non-fuel expenses rose 33.7%, erasing much of the benefit. Despite the loss, IndiGo maintained a healthy load factor of 82.5% and improved yields by 3.2%.
Fleet Expansion and Market Reach
IndiGo operated a fleet of 417 aircraft during the quarter, covering 94 domestic and 41 international destinations. The airline’s operational strength remains intact even as forex exposure and cost pressures continue to challenge future profitability.
