InterGlobe Aviation Ltd., parent of IndiGo, reported a 77.6% drop in Q3 net profit to Rs 549.8 crore from Rs 2,448.8 crore last year . The plunge resulted from Rs 1,546.5 crore in exceptional items, including labor law provisions and costs from massive flight cancellations . Despite this, revenue grew 6.2% to Rs 23,471.9 crore.
Three exceptional charges dominated: Rs 969.3 crore for new labor codes, Rs 555 crore tied to early December disruptions, and a Rs 22.2 crore DGCA penalty . Revised Flight Duty Time Limitation rules limited pilots to two night landings weekly, sparking 4,500 cancellations over ten days and stranding over 300,000 passengers . DGCA blamed poor planning and issued a CEO caution.
Capacity expanded 11.2% to 45.4 billion ASK, with passengers up 2.8% to 31.9 million, though yield fell 1.8% to Rs 5.33 and load factor dropped to 84.6% [conversation_history]. Excluding exceptions, profit reached Rs 3,131 crore, down from Rs 3,846 crore prior year.
CEO Pieter Elbers acknowledged disruptions from December 3-5 but highlighted 7% topline growth to Rs 24,500 crore [conversation_history]. IndiGo gained FDTL exemption until February 10, 2026, backed by a Rs 50 crore guarantee for reforms . The airline committed Rs 500 crore in passenger compensation.
DGCA demands crew buffers and better oversight, with IndiGo vowing operational resilience after 19 years . Investors monitor Q4 amid scrutiny.
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