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IndiGo Reports 3Q Profit Drop Amid Rising Forex Losses

IndiGo, India’s largest airline, has reported an 18.6% decline in profit for the third quarter of 2024, with net earnings falling to $283 million. The profit decrease was largely attributed to ballooning foreign exchange losses, which significantly impacted the airline’s financial performance during the quarter ending December 31, 2024.

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IndiGo Wet Leases Four A320s from Freebird Airlines

IndiGo (India) has entered into a wet lease agreement with Freebird Airlines (Turkiye) for four Airbus A320 aircraft. The aircraft, identified by serial numbers 4658, 3514, 3852, and 5906, will bolster IndiGo’s operational capacity during high-demand periods, ensuring the airline can maintain its extensive domestic and international route network.

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IndiGo Expands Fleet with Four ATR 72-600 Deliveries

IndiGo, India’s largest airline, has expanded its regional fleet with the delivery of four ATR 72-600 aircraft. The newly delivered aircraft, with serial numbers 1708, 1715, 1712, and 1703, are all powered by PW127M engines. This addition bolsters IndiGo’s capability to serve regional routes more efficiently, aligning with its strategy to enhance connectivity across India.

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IndiGo Expands Fleet with Four New A321neos

IndiGo, India’s largest airline, has further expanded its fleet by taking delivery of four Airbus A321neo aircraft, highlighting its commitment to growth and modernization. These aircraft, with serial numbers 12143, 12358, 12232, and 12373, are all powered by advanced LEAP-1A32 engines, developed by CFM International, renowned for their fuel efficiency and performance.