IndiGo's Q3 Profit Plunges 77% Amid December Chaos, New Labour Codes

• IndiGo's parent company, InterGlobe Aviation, reported a consolidated net profit of Rs 549.8 crore for Q3 FY26, a 77.5% drop year-on-year.
• The significant profit fall is attributed to new labour codes and operational disruptions in December 2025, including flight cancellations and crew shortages.
• Exceptional items totaling Rs 1,546.5 crore, comprising Rs 969.3 crore for labour codes and Rs 577.2 crore for the December crisis, heavily impacted the net profit.
• Despite profit decline, revenue from operations rose 6% to Rs 23,471.9 crore, and passenger numbers increased by 2.8% YoY.
• The DGCA fined IndiGo Rs 22 crore for widespread cancellations and delays between December 3 and 5, affecting thousands of passengers.

Why It Matters: IndiGo's Q3 profit significantly dropped due to new labour codes and December flight disruptions.