India, Dec. 11 -- As passengers continue to face widespread flight delays and cancellations following IndiGo's operational collapse, new data tabled in the Lok Sabha has revealed an uncomfortable truth: most of India's airlines are deep in the red.
According to a written reply from the Ministry of Civil Aviation, IndiGo was the only major carrier to turn a profit in 2024-25, reporting earnings of Rs.7,253 crore. Every other significant airline posted losses.
SpiceJet remained marginally negative at Rs.56 crore, while Star Air stood out as a rare exception with a modest Rs.68-crore profit.
The following year brought a sharp rebound for the low-cost giant, which earned Rs.8,167 crore in 2023-24, but most other carriers continued to strug...
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