India’s largest airline IndiGo, operated by InterGlobe Aviation Ltd, has reported a 78% decline in net profit due to the flight crisis that has shut down one of the fastest-growing aviation markets in the world.
The Mumbai-based airline’s consolidated net profit fell 78% compared to the year-ago period ₹550 crore in the quarter ending December 31, 2025, on revenues that grew 6.15% year-on-year ₹23,472 crore, according to an exchange filing on Thursday (January 22, 2026). Analysts surveyed by Bloomberg had estimated the bottom line ₹1,997 crores.
Indigo Q3 results (consolidated, year-on-year)
- Revenue increased by 6.15% ₹23,472 crores
- EBITDAR increased by 5.45% ₹6,990 crores
- EBITDAR margin stable at 30%
- Net profit decreased by 78% ₹550 crores
The decline in profit was due to one-off extraordinary costs:
- Flight disruptions in December 2025: ₹577 crores
- Implementation of new labor codes: ₹969 crores
“This quarter, the company faced major operational disruptions, resulting in significant flight cancellations and delays from December 3-5,” IndiGo CEO Peter Albers said in a statement accompanying the earnings. “We deeply regret the inconvenience caused to our customers and we are deeply grateful for their patience and trust.”
Still, Albers said, IndiGo managed to fly 32 million passengers in the October-December quarter and 124 million in 2025.
“Supported by our expanding fleet, growing domestic and international network, our long-term fundamentals remain strong,” he said. “We are committed to reliability, operational excellence and a superior customer experience.”
Indigo shares rose up to 1.15% on Thursday ₹Each scrip closed at 4913.80 on the BSE, while the benchmark Sensex closed the day at 82,307.37, up 0.49%. Quarterly results were announced after market close.
