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IndiGo Q4 Results Preview: Expect Stronger Than Usual Quarter Boosting FY26 Outlook — ICICI Securities
Expects total passenger at 31.5 million for IndiGo in Q4 FY25E
07 Apr 2025, 06:54 PM IST 
Total passengers for IndiGo in Jan’25 stood at 10.91 million, split between 9.52 mn for domestic and 1.39 mn for international while in Feb’25, domestic passengers stood at 8.94 mn.
(Photo Source: Envato)
ICICI Securities has been structurally positive on IndiGo driven by business moats of cost competitiveness, robust orderbook and strong balance sheet but profitability has been strong, also aided by favorable supply-demand situation which should continue in FY26.
