The airline reported a consolidated net loss of ₹2,536.9 crore for the quarter ended March 2026 | Photo Credit: PTI

Sharp foreign exchange losses, operational disruptions, lower yields, and rising fuel costs weighed on the financial performance of InterGlobe Aviation, the parent company of IndiGo, during the fourth quarter (Q4) of financial year 2025-26 (FY26).

The airline reported a consolidated net loss of ₹2,536.9 crore for the quarter ended March 2026, compared to a net profit of ₹3,067.5 crore in the corresponding period last year.

The airline said continuing disruptions linked to the West Asia conflict and operational pressures during the quarter materially impacted profitability.

InterGlobe Aviation Managing Director Rahul Bhatia said: “FY26 was marked by an exceptionally challenging operating environment, which materially impacted our profitability. Despite these conditions, the underlying performance of the business remained resilient.”

“During the year, our capacity grew by 9.5 per cent, and total income increased by over 6 per cent. Excluding the impact of foreign exchange and exceptional items, IndiGo delivered a profit of ₹75 billion,” he added.

Traffic Slowdown

According to the airline, passenger traffic during the quarter declined 1.1 per cent year-on-year to 31.6 million, while load factor dropped by 1.7 percentage points to 85.8 per cent.

Similarly, yield also declined 2.2 per cent to ₹5.20, reflecting pressure on passenger revenues.

However, consolidated revenue from operations rose 1.3 per cent year-on-year (y-o-y) to ₹22,438.4 crore during the quarter from ₹22,151.9 crore in the year-ago period. Total income increased 3.2 per cent to ₹23,830.7 crore from ₹23,097.5 crore.

Meanwhile, total expenses surged 30.1 per cent to ₹25,932.5 crore, largely due to higher non-fuel costs, labour-related provisioning, and foreign exchange impact.

The airline also cited ₹249.9 crore as exceptional items during the quarter, following incremental provisions linked to new labour laws.

InterGlobe Aviation said that, excluding the impact of foreign exchange fluctuations and exceptional items, it would have reported a net profit of ₹1,920.6 crore for the quarter.

On a full-year basis, InterGlobe Aviation reported a consolidated net loss of ₹2,393.6 crore for FY26, compared to a net profit of ₹7,258.4 crore in FY25.

As per the airline, the yearly loss was primarily driven by foreign exchange impact, higher non-fuel costs, labour-related provisioning, lower yields, and continuing operational disruptions during FY26.

Published on May 29, 2026