India’s leading airline, IndiGo, has reported its highest-ever profit for a fourth quarter, driven by surging air travel demand and efficient execution of its strategy.
For the quarter ending March 2025, the airline posted a net profit of ₹3,067.5 crore, marking a 62% increase from ₹1,894.8 crore in the same quarter last year.
IndiGo’s parent company, InterGlobe Aviation, also announced a dividend of ₹10 per equity share following the strong performance.
The airline saw a significant boost in its operational metrics during the January–March period of FY25. Total income climbed to ₹23,097.5 crore, up from ₹18,505.1 crore a year earlier. Capacity expanded by 21% to 42.1 billion Available Seat Kilometres (ASKs), and the number of passengers carried rose by 19.6% to 31.9 million.
"Driven by strong demand for air travel and execution of our strategy, for the financial year ended March 2025, IndiGo reported a healthy net profit of ₹72,584 million. Excluding the impact of foreign exchange, IndiGo reported a net profit of ₹88,676 million, maintaining a similar strong performance to the last year. For the quarter ended March 2025, IndiGo reported a net profit of ₹30,675 million, the highest fourth quarter ever," the airline said in a statement.
Passenger ticket revenue in the fourth quarter surged 25.4% to ₹19,567.3 crore, while ancillary revenue also grew 25.2% to ₹2,152.5 crore compared to the same period last year.
Speaking on the airline’s performance, CEO Pieter Elbers noted that IndiGo carried 118 million passengers in the financial year 2024–25. Looking ahead, the airline expects its capacity (ASKs) to increase by the mid-teens in the first quarter of FY26 compared to the same period in FY25.
Elbers also addressed the ongoing issue of grounded aircraft due to Pratt & Whitney engine troubles. He said the number of grounded planes has declined from 60s in Q3 to 40s currently.
He acknowledged some impact due to the closure of Pakistan’s airspace, which has led to extended flying times for 34 flights by about 20 minutes and the temporary suspension of services to Almaty and Tashkent.
"We have two international stations being cancelled... we wish it was not there but IndiGo can live with it," Elbers said. He added that the flights to these destinations from Delhi will resume once airspace restrictions are lifted.
Addressing the recent wave of flight cancellations, Elbers mentioned that approximately 170 flights were disrupted over a week but refrained from quantifying the financial impact. "The traffic is returning... we are confident that we will see a recovery from June," he said.
With a fleet of over 400 aircraft, IndiGo currently operates more than 2,200 daily flights connecting various domestic and international destinations.
Looking ahead, the airline expects the delivery of A321 XLR aircraft within the current financial year, potentially by the end of the calendar year. "We expect A321 XLRs to come in the current financial year, perhaps even before the end of this calendar year but that is a work in progress. XLRs will come with two cabin configuration...," Elbers said.
He declined to comment on media reports suggesting that Air India has approached the government to review IndiGo's codeshare partnership with Turkish Airlines, stating only, "We move on serving our customers".
As of the end of March 2025, IndiGo held a total cash balance of ₹48,170.5 crore, including ₹33,153.1 crore in free cash and ₹15,017.4 crore in restricted cash.
The airline's shares closed slightly higher at ₹5,448 apiece on the BSE following the results announcement.