India's largest airline IndiGo on Monday informed that their January 2026 air traffic grew just 5.5% while the IndiGo passenger load factor slipped to 250 bps Y-o-Y to 87.8%. IndiGo's Q4 earnings stand at 10%. Shares of IndiGo grew 1.82% on Monday with the stock trading at Rs 4,658.80 apiece.
This compares to a 0.42% increase in the NSE Nifty 50 Index. Total traded volume so far in the day stood at 1.55 times its 30-day average. The relative strength index was at 45.20.
Out of 27 analysts tracking the company, 22 maintain a 'buy' rating, three recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target of Rs 5703.65 implies an upside of 22.2%.
Bullish on international expansion, IndiGo CEO Pieter Elbers recently said the airline aims to have nearly 40% overseas capacity and have a total of over 4,000 daily flights, including domestic ones, by 2030. IndiGo, the country's largest airline, has a fleet of 440 planes and operates over 2,200 flights.
Elbers said the airline aims to carry 200 million passengers and operate over 4,000 routes by 2030. In 2025, the carrier flew 124 million passengers. Nearly 900 aircraft, including 39 A321 XLRs, are on order for the airline.
IndiGo Q3 Results
IndiGo reported a 78% decline in net profit for the December quarter to Rs 549.1 crore, compared with Rs 2,448.8 crore earnings in the year-ago period, according to a company statement as flight disruptions and the implementation of the new labour code took a toll on its earnings.
The company said it took a hit of Rs 1,546.5 crore in the third quarter. This included Rs 577.2 crore due to massive flight disruptions witnessed during early December and another Rs 969.3 crore on account of the implementation of new labour laws.
IndiGo was slapped with a fine of Rs 22.2 crore for the flight disruptions, which it has accounted for in exceptional items. In the third quarter of the current financial year, InterGlobe Aviation, the parent of IndiGo, recorded a total income of Rs 24,540.6 crore, higher than Rs 22,992.8 crore posted in the year-ago period.
ALSO READ: IndiGo Q3 Results: Profit Plunges 76% Due To December Disruption, Impact Of Labour New Codes
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