InterGlobe Aviation, the operator of IndiGo, reported a smaller loss for the quarter ended Sept. 30, 2026, as higher revenue was offset by rising fuel costs and foreign-exchange pressure on profitability.
The company posted an unaudited consolidated net loss of INR 18.791 billion, compared with INR 25.821 billion in the same quarter a year earlier. Revenue from operations increased 25.9% to INR 233.638 billion.
Aircraft fuel expense rose 67.2% to INR 99.668 billion, and total expenses increased 18.6% to INR 261.884 billion. InterGlobe reported a net foreign-exchange loss of INR 13.332 billion, down from INR 28.921 billion a year earlier.
On a separate measure excluding foreign-exchange effects, the company recorded a loss of INR 7.237 billion, compared with a profit of INR 1.039 billion in the year-earlier quarter. InterGlobe said this measure was net of foreign-exchange hedging gains of INR 1.778 billion in the latest quarter and INR 2.061 billion a year earlier.
Passenger-ticket revenue rose 29.3% to INR 206.522 billion, while ancillary revenue increased 15.9% to INR 24.809 billion. Passenger numbers fell 4.7% to 27.5 million, and capacity, measured in available seat kilometers (ASKs), declined 1% to 40.8 billion. Yield rose 34.3% to INR 6.30 per kilometer, while the load factor decreased 2.2 percentage points to 80.3%.
IndiGo CEO Willie Walsh described the September quarter as seasonally soft amid elevated fuel costs and geopolitical strain. He said operating changes helped support revenue but did not fully offset higher expenses. The company also cited rupee depreciation as pressure on profitability.
The board approved the unaudited results Oct. 29. IndiGo expects ASK capacity to grow by low single digits in fiscal 2027's third quarter compared with the same quarter a year earlier.
