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IndiGo eyes more foreign flights as forex losses sting
Mint Hyderabad
|November 05, 2025
India's largest airline IndiGo is looking to fly more overseas routes that generate foreign currency, following a bleak quarter when forex losses widened its losses.
The airline's lease costs jumped over tenfold in the September quarter as the rupee fell against the dollar. Since lease payments are made in dollars, a 1.7% depreciation during the quarter caused a forex loss of ₹2,892 crore during the period, IndoGo said, against a forex loss of around ₹240.6 crore a year earlier
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