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23 Jan 2026
India's largest airlines sees shares drop after earnings plunge 78%
Summary
India’s largest airline, Indigo, reported a 78% drop in profit for the December quarter, largely due to a one-time charge for new labor code implementation and forex losses. The airline also faced operational disruptions in December, leading to a provision for compensation and a penalty from the Directorate General of Civil Aviation. Despite these challenges, Indigo served 124 million customers in 2025, a 9% increase from the previous year.