Mumbai — InterGlobe Aviation, the parent company of India’s largest airline IndiGo, saw its shares rise 3.5% to ₹5,833 in early trade on Thursday, November 6, following the company’s upgraded FY26 capacity guidance and expanded H2 operational plans, despite reporting a larger-than-expected Q2 net loss.

Brokerages including Jefferies, Citi, and Motilal Oswal maintained bullish outlooks on IndiGo, citing strong operational execution and robust growth prospects, which supported investor confidence.

Q2 Performance

Post-market hours on Tuesday, IndiGo reported a net loss of ₹2,582 crore for Q2, compared with ₹987 crore in the same period last year. The sharp decline was primarily due to foreign exchange losses, which surged 1,102% to ₹2,892 crore, from just ₹204 crore in Q2 last year, even as revenue from operations rose 9.3% YoY to ₹18,555 crore.

During the quarter, capacity increased 7.8% to 41.2 billion, while passenger numbers grew 3.6% to 28.8 million, reflecting strong domestic demand and optimized operational efficiency.

Strategic Expansion

IndiGo has raised its FY26 capacity growth guidance to mid-teens from previous low double digits and has expanded operational plans to meet rising demand.

The airline inducted 15 aircraft in Q2 from its original order book and plans for 30–40% of its fleet to be owned or on finance lease by 2030. Additionally, IndiGo has doubled its order for A350 aircraft from 30 to 60, aiming to strengthen its long-haul international operations.

“Strong operational execution, fleet expansion, and strategic planning underpin IndiGo’s robust growth trajectory,” analysts at Motilal Oswal said.

Despite the Q2 loss, investors remain optimistic about the airline’s long-term growth prospects, supported by fleet modernization and capacity expansion plans.