IndiGo reports Q2 FY26 results with revenue growth, capacity expansion

IndiGo's Board of Directors met on November 4, 2025, to approve the unaudited standalone and consolidated financial results for Q2 FY26. For the quarter ended September 30, 2025, the company reported total revenue of INR 195,995 million, a 10.4% increase from the previous year. Despite a net loss of INR 25,821 million, primarily due to currency movement related to dollar-based future obligations, IndiGo recorded a net profit of INR 1,039 million excluding forex impact. This marks a significant improvement compared to the net loss of INR 7,539 million in the same period last year (excluding forex).

Operational metrics show a 7.8% increase in Available Seat Kilometers (ASKs) to 41.2 billion and a 3.6% rise in passengers to 28.8 million. The closing aircraft count reached 417, with a net increase of one passenger aircraft during the quarter. IndiGo operated at a peak of 2,244 daily flights, serving 94 domestic and 41 international destinations. The company anticipates high teens capacity growth in ASKs for Q3 FY26 compared to Q3 FY25.

As of September 30, 2025, IndiGo held a total cash balance of INR 535,152 million, comprising INR 385,167 million in free cash and INR 149,985 million in restricted cash. The total debt, including capitalized operating lease liability of INR 496,514 million, amounted to INR 748,138 million. The company's on-time performance stood at 89.8% across six key metros, with a flight cancellation rate of 0.5%.