Indian airlines post mixed financial results in FY25, with Air India reporting a heavy loss

IndiGo profits India’s airlines, reported sharply contrasting financial results for the year ending March 2025, with data shared in Parliament on Thursday showing both steep losses and strong profits across carriers.

Tata Group-owned Air India and Air India Express together posted a pre-tax loss of INR 9,568.4 crore, accounting for the largest share of the industry’s overall losses. Air India reported a loss of INR 3,890.2 crore, while Air India Express, which had remained profitable for several years, slipped into the red with a loss of INR 5,678.2 crore. Among other airlines,

Akasa Air recorded a loss of INR 1,983.4 crore, and SpiceJet reported a smaller loss of INR 58.1 crore. In sharp contrast, IndiGo, India’s largest carrier, posted a profit of INR 7,587.5 crore, underscoring its market dominance and financial resilience.

The data, presented by Minister of State for Civil Aviation Murlidhar Mohol in a written reply to the Lok Sabha, is provisional and also highlights the mounting debt burdens of Indian carriers.

IndiGo’s debt stood at INR 67,088.4 crore, Air India’s at INR 26,879.6 crore, Air India Express’s at INR 617.5 crore, SpiceJet’s at INR 886 crore, and Akasa Air’s at INR 78.5 crore. Air India has also faced growing criticism over delays and cancellations, largely attributed to technical and

maintenance issues, despite assurances from CEO Campbell Wilson that comprehensive inspections of its Boeing 787 fleet had been completed.

Mohol noted that while the government continues to support the aviation sector through policies like the National Civil Aviation Policy, 2016, and regional schemes such as UDAN, financial and operational decisions remain the responsibility of airlines, as the industry has

been deregulated since 1994.

He added that despite ongoing financial stress, domestic demand continues to grow, with no reduction in airline capacity observed in July, and the government remains committed to ensuring the sector’s sustainable growth.

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