IndiGo Slips into Losses Due to Forex and Rising Costs

India’s largest airline, IndiGo, has reported a net loss of ₹2,537 crore for the January–March quarter, citing multiple challenges including depreciation of the rupee against the dollar, changes in labour laws, and operational disruptions. This marks a sharp contrast to the same period in 2024–25, when the airline posted a net profit of ₹3,067.50 crore. Despite the setback, total revenue for the quarter rose by 3 percent, increasing from ₹23,097.50 crore to ₹23,830.70 crore.

For the full financial year 2025–26, IndiGo recorded a net loss of ₹2,393.60 crore, compared to a profit of ₹7,502.50 crore in the previous fiscal. The company attributed the losses primarily to a foreign exchange impact of ₹8,100 crore, disruptions in flight operations in December 2025 leading to a ₹580 crore hit, and ₹1,200 crore in additional costs due to new labour law implementation. Managing Director Rahul Bhatia stated that despite a challenging year, the airline achieved a 9.5 percent increase in seat capacity, reflecting continued growth amid adversity.