InterGlobe Aviation Ltd.

InterGlobe Aviation reported Q3 FY26 total income of ₹24,500 crore, up 6.7% year-on-year despite significant operational disruptions in early December that resulted in over 2,500 flight cancellations.

Reported profit after tax declined sharply by 77% to ₹549 crore, impacted by ₹1,550 crore in exceptional items related to new labor codes and disruption costs, plus ₹1,040 crore forex losses. Adjusted net profit excluding exceptionals stood at ₹3,131 crore, down 18.6% year-on-year. The company achieved 11% capacity growth during the quarter while serving a record 32 million customers, though passenger revenue per available seat kilometer declined 4.5% to ₹4.51.

Management introduced India's first Airbus A321 XLR aircraft with dual-class cabin for international expansion and increased fleet ownership to 20% by acquiring 12 aircraft. IndiGo maintains robust liquidity with ₹36,940 crore in free cash. For Q4 FY26, the company guides 10% capacity growth with early-to-mid single-digit PRASK decline, while reaffirming long-term ambitions to double in size by decade-end despite near-term pilot availability constraints.