IndiGo announced its Q3 FY2026 financial results, reporting a total income of ₹245 billion. Despite operational disruptions in early December, the airline served nearly 32 million customers during the quarter. IndiGo is expanding its international routes, including the launch of Mumbai-Athens and Delhi-Athens routes, and has also announced investment in GIFT City. The airline is also dealing with the effects of revised regulations.
Financial Performance
For Q3 FY2026, IndiGo reported a total income of ₹245 billion, a 7% increase year-over-year. The full calendar year 2025 saw a total income of ₹888 billion, up by 12%. Profit after tax for the quarter stood at ₹5.491 billion. Excluding exceptional items and currency movements, the profit was ₹31.306 billion.
Operational Highlights
IndiGo served nearly 32 million customers in Q3 FY2026. The airline experienced operational disruptions in early December, leading to over 2,500 flight cancellations. The airline took measures to support impacted customers, including timely refunds and travel vouchers. IndiGo is working to transition to revised FDTL norms in February.
Expansion and Fleet
IndiGo introduced India’s first Airbus A321 XLR, featuring 12 IndiGo Stretch seats and 183 economy seats. Operations commenced on the Mumbai-Athens route, followed by Delhi-Athens. IndiGo was the first airline to begin operations at Navi Mumbai International Airport, with plans for further expansion. The airline’s business class product, Stretch, is now available on 8 domestic and 9 international routes, expanding to a total of 65 aircraft.
Strategic Developments
The BluChip loyalty program reached 10 million customers. IndiGo is conducting an in-depth review of internal processes to enhance operational resilience. A capital investment of $820 million in GIFT City has been announced, primarily for acquiring aviation assets. IndiGo received deliveries of 57 aircraft in calendar year 2025 and is the largest recipient of Airbus aircraft globally for the second consecutive year.
Cost and Capacity
The airline expects capacity growth of approximately 10% in Q4. Passenger unit revenue was reported at ₹4.51, down by 4.5% year-over-year. The airline ended the December quarter with free cash of ₹369.4 billion.
Revised Estimates and Impact of Regulatory Changes
New labor codes have led to an estimated provision of around ₹9.7 billion. The Directorate General of Civil Aviation (DGCA) imposed a penalty of ₹222 million due to operational disruptions. The company has adjusted its nine-month current tax provisions down by ₹1.54 billion in the quarter and reassessed deferred tax assets, retaining it down to ₹2.52 billion.
Source: BSE
