IndiGo Q2 loss widens to ₹2,582 crore

IndiGo reported a net loss of ₹2,582 crore for the second quarter of FY 2026, widening 161% from ₹986 crore in the same period last year, during a seasonally weak quarter when travel demand dips after the summer break. 

The widening of losses was attributed partly to currency fluctuations. The Chief Financial Officer Gaurav Negi said that the 60% of airline costs are dollar denominated, including fuel and maintenance expenses. 

Total income for the quarter ended September 2025 was ₹19,599 crore , an increase of 10.4% over the same period last year. Total expenses for the quarter were ₹22,081 crore, an increase of 18.3% over the same quarter last year.

The airline’s grounded aircraft continue to be around 40, and will be in this range until the end of this financial year, according to the airline’s Chief Financial Officer Gaurav Negi.

In order to overcome the impact of groundings, the airline will continue to add aircraft on damp leases (where aircraft comes with some crew), including narrowbodies. The airline currently has 2 Boeing 777, 2 Boeing 787s and 4 A320 CEOs on damp lease out of a total fleet of 417 aircraft. It has returned six Boeing 737 MAX it had damp leased from Qatar Airways, according to its earnings presentation. 

The CFO said that the airline plans to move 30% to 40% of its fleet to its own balance sheet rather than primarily relying on leasing aircraft.