The big takeaway from IndiGo’s Q2 results: India’s biggest airline is preparing for a rainy day

IndiGo, India’s largest carrier, declared its Q2-FY26 and H1-FY26 results on Tuesday, seeing a loss of ₹2,582.1 crore in Q2-FY26 on the back of the impact of huge currency depreciation. The airline recorded a surplus of ₹103.9 crore before the impact of foreign exchange, with the depreciating rupee now hurting the airline, which has significant dollar-denominated bills.

When the pandemic hit the world, there were only a handful of airlines which had the financial might and the will to sustain the whirlwind which hit them. On the other side of the pandemic, such airlines became even more powerful and mightier, and this helped shape what post-pandemic world was all about, shortages of just about everything in the field of aviation.