InterGlobe Aviation, the operator of IndiGo, reported a net profit of 21.76bn Rupees ($261 million) for the quarter ending June 30, 2025, a figure which is down from 27.28bn Rupees ($327 million) that was recorded during the same period of the prior year.
The company highlighted headwinds during the June quarter, which was a turbulent period for India’s aviation sector. This included softening demand caused by geopolitical tensions and airspace restrictions stemming from conflict between India and Pakistan.
Revenue from operations rose by 4.7% on the year prior to 204.96bn Rupees ($2.46bn), despite a 16.4% increase in capacity and an 11.6% rise in passengers carried.
Total expenses surged 10.2% on 2024 to 192.32bn Rupees ($2.31bn), driven by a 21.5% increase in non-fuel operating costs. While fuel costs declined 9.1%, cost per available seat kilometre excluding fuel rose 2.5% to 2.93 Rupees ($0.035).
EBITDAR declined slightly to 57.39bn Rupees ($688 million), down from 58.11bn Rupees ($697 million) in the same period last year. Net profit excluding foreign exchange losses fell 16% to 23.47bn Rupees ($281 million), and profit before tax plummeted 60.7% to 23.11bn Rupees ($277 million).
“The June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector,” said CEO Pieter Elbers in a statement. He acknowledged a softening revenue environment, though expressed optimism about long-term demand trends.
The company's first-quarter capacity - measured in available seat kilometres - grew 16.4% on last year. The firm had projected of a "mid-teens percentage range" growth in May.
Operationally, as of June 30, IndiGo's fleet stood at 416 aircraft, including 28 A320ceos, 187 A320neos, 141 A321neos, 48 ATRs and three A321 freighters. This also included two 777s, six 737s, and one 787 — all operated on damp lease agreements.
The total marked a net reduction of 18 passenger aircraft during the quarter.
The airline operated up to 2,269 daily flights during the period, including non-scheduled operations, and maintained scheduled services across 91 domestic and 41 international destinations.
Looking ahead, the airline expects capacity to grow by a mid- to high-single-digit percentage in the second quarter of fiscal year 2026, when compared to the same period last year.