IndiGo's Decline: Airline Reports 18% Drop in Profits

IndiGo, the country's largest airline, experienced a consolidated profit decline of nearly 18% to Rs 2,450.1 crore for the December 2024 quarter. This is down from Rs 2,986.3 crore in the same period last year, despite a rise in total income to Rs 22,992.8 crore.

IndiGo, India's leading airline, announced a significant setback on Friday, revealing a sharp decline in its consolidated profit for the quarter ending December 2024. The airline's profit fell by nearly 18%, amounting to Rs 2,450.1 crore, compared to the Rs 2,986.3 crore recorded in the same quarter the previous year, as per regulatory filings.

Despite this downturn in profit, IndiGo saw a rise in total income during the third quarter of the 2024-25 fiscal year. The airline's total income increased to Rs 22,992.8 crore, a notable jump from Rs 20,062.3 crore recorded in the corresponding period a year earlier.

The reported figures pertain to the total comprehensive income for the specified period, highlighting a complex financial landscape for India's top airline amid evolving market conditions.

(With inputs from agencies.)