Rupee rout grounds IndiGo, airline slips to FY26 loss
A sharp fall in the rupee against the dollar, along with weak demand, hurt IndiGo’s financial performance as the country’s largest airline swung to losses, a first after it reported a loss in FY23.
On Friday, InterGlobe Enterprises Ltd, which runs IndiGo, reported a ₹2,393.6 crore loss in the year ended March, compared with a ₹7,258 crore profit in the previous year. IndiGo attributed the losses to the 11% depreciation of the rupee against the dollar.
