Overview
- InterGlobe Aviation reported October–December net profit of about Rs 549–550 crore, down from Rs 2,448.8 crore a year earlier, despite revenue rising 6.2% to roughly Rs 23,472 crore.
- Exceptional items totalled Rs 1,546.5 crore, including an estimated Rs 969.3 crore for labour‑code implementation and about Rs 577.2 crore tied to the Dec 3–5 disruption, which also included a Rs 22.2 crore DGCA penalty.
- The DGCA inquiry cited over‑optimisation and rostering/system deficiencies, issued warnings to senior leaders, directed a Rs 50 crore bank guarantee, and Jason Herter was removed from operational responsibilities at the Operations Control Centre.
- With a 10% winter schedule cut in place until Feb 10, IndiGo told regulators it has sufficient pilots to operate under revised FDTL norms, expects no cancellations after that date, and guides for roughly 10% capacity growth in the March quarter.
- The stock fell nearly 4% after the results, and the process to reallocate IndiGo’s vacated slots has seen muted interest from other carriers due to unattractive timings such as red‑eye periods.