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InterGlobe Aviation (Indigo) Analyzed

InterGlobe Aviation, the company behind IndiGo, had a mixed quarter. Their profits dropped significantly, but their business was still growing. This is due to some unexpected problems and changes in the money they were using.

Key Points

• Indigo’s profit fell sharply due to one-time costs.
• Revenue increased, showing strong demand for flights.
• Operational problems caused flight delays and cancellations.
• The company’s overall financial health remains very strong.
• Passenger numbers were high, indicating strong customer interest.
• Indigo is a fast-growing airline with a large fleet.

The company faced major problems with flights, leading to delays and cancellations. Despite this, they still made a lot of money – around 24.5 billion rupees. They served almost 32 million customers during the quarter and a total of 124 million throughout the year. “Strong fundamentals drive growth, despite short-term disruptions.”

Financial Results – Q3 FY26

Here’s a breakdown of how InterGlobe Aviation performed in the third quarter of the financial year 2026:

• Total Revenue: Rs 23,471.9 crore (a 6.16% increase from the previous year).
• Net Profit (Total): Rs 549.8 crore (a 77.55% decrease due to exceptional items).
• Net Profit (Excluding Exceptional Items): Rs 3,130.6 crore (an 18.6% increase compared to the previous year).
• EBITDAR (Earnings Before Interest, Taxes, Depreciation, and Amortization): Rs 6,008.4 crore (25.6% margin).
• Average Seat Kilometers (ASK): 45.4 billion (a 45.4% increase from the previous year).
• Fourth Quarter Capacity Growth: Expected to grow around 10% compared to the fourth quarter of 2025.

Operational Issues and Recovery

During the quarter, IndiGo experienced significant operational disruptions, particularly between December 3rd and 5th. This led to many flight cancellations and delays. The CEO, Pieter Elbers, apologized for the inconvenience and thanked employees and partners for their support in getting things back on track.

Fleet and Network

As of December 31st, 2025, InterGlobe Aviation operated a fleet of 440 aircraft, serving 96 domestic destinations and 44 international destinations. They are one of the fastest-growing low-cost airlines in the world, continually expanding their network.

The company holds a significant cash balance of Rs 51,606.9 crore, providing financial strength and flexibility.

Ultimately, InterGlobe Aviation’s ability to adapt and grow despite challenges highlights its strong position in the Indian aviation market.

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