IndiGo’s profit dropped by 20% in the first quarter of financial year 2026. The airline made a profit of ₹2,176.3 crore between April and June, compared to ₹2,728.8 crore during the same period last year.
This decline was mainly due to several serious events:
- The India-Pakistan war disrupted travel.
- 32 airports in north, west, and central India were shut down.
- Airspace restrictions still remain in place.
- The Air India plane crash in Ahmedabad on June 12 also affected public confidence in flying.
Despite all these issues, IndiGo flew more passengers than before. The airline served 3.1 crore passengers, up from 2.8 crore in the same quarter last year — a growth of 11.6%.
The airline’s income rose by 6.4% to ₹21,542.6 crore, but its overall cost also increased by 10.2% to ₹19,231.9 crore. On Wednesday, IndiGo’s share price dropped slightly by 0.26% to ₹5,739.9 even though the stock market was mostly positive.
IndiGo CEO Pieter Elbers said the April-June quarter was tough due to external challenges that affected the entire airline industry. Still, IndiGo managed to maintain a net profit margin of about 11%. He added that the demand for air travel stayed strong, and IndiGo is hopeful about future growth.
Read more: Reliance in Talks to Acquire Shunya, Plans ₹8,000 Cr Beverage Investment…
As of June 30, 2025:
- IndiGo had a cash reserve of ₹49,405.7 crore
- Its total debt was ₹68,488.4 crore (including lease liabilities)
- The airline had a fleet of 416 aircraft
- It operated a peak of 2,269 daily flights, including some special or non-regular ones.
despite facing big challenges, IndiGo stayed profitable and continues to grow its operations.
Also See: India Inc Posts 4–6% Revenue Growth in Q1 FY25 Despite Sectoral Weakness
