IndiGo crisis has Rs 2-crore impact on ixigo's Q3FY26 EBITDA

ixigo

• IndiGo's December crisis caused a Rs 2 crore hit to ixigo's Q3 FY26 EBITDA
• ixigo Q3 FY26 profit rose to Rs 23.9 crore, revenue up 31 percent YoY
• International flight GTV grew over 50% YoY, indicating strong outbound demand

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IndiGo's December flight crisis led to a Rs 2 crore impact on ixigo's Q3 FY26 (Earnings Before Interest, Taxes, Depreciation, and Amortization) EBITDA.

The disruption in flight operations during December, arising from operational challenges faced by a leading airline, including the impact of lost bookings and cancellations, resulted in an adverse impact of approximately Rs 20 million (Rs 2 crore) on (Earnings Before Interest, Taxes, Depreciation, and Amortization) EBITDA in Q3 FY26, the company said in its earnings release.

The IndiGo crisis impact was mentioned as the one-offs and call-outs in Q3 FY26.

The travel platform had announced to refund full convenience and assured fees for all their customers whose IndiGo flights were cancelled by the airline between 3-8 December,  2025.

ixigo in Q3 FY26 reported profit of Rs 23.9 crore as compared to Rs 15.5 crore during the same period a year ago.

Revenue from operations rose by 31% YoY to Rs.317.6 Cr, while Gross Transaction Value (GTV) increased by 21% YoY. The Company achieved an Adjusted EBITDA of Rs 30.8 Cr in Q3 FY26.

While bus Gross Transactional value (GTV) grew over 36 percent Year-on-Year (YoY), the flights vertical recorded strong GTV growth of over 22 percent YoY despite industry-wide disruptions witnessed in December.

International flights GTV grew over 50 percent YoY in Q3, reflecting continued strength in outbound travel demand, growing faster than the domestic growth.

“I personally like quarters such as Q3 FY26. Disruptions and challenging macro conditions allow us to differentiate and leverage the advantages of our customer-first philosophy as a diversified multimodal platform. Sustainable growth and profitability are derivatives of this playbook," said Saurabh Devendra Singh, Group CFO, ixigo.