IndiGo (InterGlobe Aviation Limited) announced its Q2 FY2026 financial results, reporting a total income of ₹196 billion. Excluding foreign exchange impacts, the company saw a profit of ₹1 billion. The airline served 28.8 million passengers during the quarter and is expanding its international network, including doubling its A350 order. The company will introduce its first A321 XLR aircraft soon, opening new routes.
Financial Performance
IndiGo reported a total income of ₹196 billion for the quarter ended September 2025, a 10% increase year-over-year. Excluding the impact of foreign exchange movements and hedging, the company’s profit stood at ₹1 billion, compared to a loss of ₹7.5 billion in the same period last year. Including foreign exchange impacts, a loss of ₹25.8 billion was reported.
Operational Highlights
The airline served 28.8 million passengers during Q2 FY26. IndiGo expanded its network to 94 destinations. The company’s on-time performance led the industry for the 9th consecutive month. In October, IndiGo operated over 2,300 daily flights across more than 600 routes. Capacity growth is estimated to be in the early teens for the full financial year 2026.
Fleet and Network Expansion
IndiGo will introduce its first A321 XLR aircraft in the coming months. The aircraft will have two cabin classes, featuring 183 economy and 12 Stretch seats. Operations to Athens from Delhi and Mumbai will commence using this aircraft. The airline has doubled its order of A350 widebodies from 30 to 60. A codeshare partnership with Aegean Airlines in Greece has been announced, expanding IndiGo’s reach to over 80 destinations worldwide.
Strategic Developments
Ground was broken on a new MRO facility in Bengaluru. IndiGo has added 4 B787 widebodies on damp-lease basis and will add 2 more. These aircraft are flying to Amsterdam, Manchester, Copenhagen, and London Heathrow. The BluChip loyalty program has grown to around 7 million members.
Cost Factors
Fuel CASK reduced by approximately 16% year-over-year. CASK ex fuel ex forex increased by 3.9% year-over-year. The number of grounded aircraft remained stable in the range of 40s. A capitalized operating lease liability of ₹497 billion was recorded at the end of the quarter, with total debt at ₹748 billion.
Revised Outlook
IndiGo anticipates high teens growth for both Q3 and Q4 of the current financial year. The company expects a slight upward revision to its earlier guidance of early double-digit capacity growth for the full financial year 2026.
Source: BSE
