Expanding upon Ryan Stewart's answer, in IntelliJ, use Alt+Enter, then select the first sub-menu, then the last item: Suppress for statement.
Update
Using IntelliJ IDEA 13, I noticed an additional menu item: "Suppress for statement with comment". This will use the IntelliJ style //noinspection unchecked. If you select "Suppress for statement", IntelliJ will insert this text: @SuppressWarnings("unchecked").
In IntelliJ 15 the inline "yellow bulb" and alt-enter menus don't offer to suppress the inspection for 1 line.
There are more options when running the inspections via the Menu: Analyze -> Inspect Code....
Then on the Inspection panel the right side offers various options.
Some of text in the right hand panel is clickable. Note that usually the problem resolution function (quick fix) is also available.
(Apparently @tino already noticed this in a comment, but I missed his comment the first time. I'm adding this as full answer to make the important bit I personally missed easier to find.)
When compiling code using Kotlin language and IntelliJ here is a hint
Here is a link to the github source where the compiler warnings have their origin and where the default error messages output by the Kotlin compiler are defined
If the compiler outputs "Variable ''{0}'' is never used" it origins from this line form DefaultErrorMessages.java
MAP.put(UNUSED_VARIABLE, "Variable ''{0}'' is never used", NAME);
To suppress the warning you can put a @Suppress() annotation before an unused variable in your code like this:
@Suppress("UNUSED_VARIABLE")
var y: Int = 3
So the trick if the IntelliJ does not help you pop up suggestions pressing Alt+ENTER at a highlighted expression is to look inside DefaultErrorMessages.java if you can find the error message and the keyword to supress a particular warning using @Suppress(..names)
This topic is not marked "Kotlin" but at least marked IntelliJ
As other questions point out, there are several options to achieve what are you asking for. A more comprehensive list of the options available can be found in the official documentation here.
Just one more note. If you are looking for a answer to suppress all warnings for a next line (or part of the code). It might be a reason for a several cases:
The Problems panel shows a list of warnings and errors in our code. There we can peruse the various issues with our code, working through the list one-by-one. This feature arrived in IntelliJ 2020.2.
In at least IntelliJ 2021.2, and perhaps earlier, we can suppress a warning within that panel.
When selecting a problem point, the right-side pane of the Problems panel shows a Suppress widget. This pop-up menu displays items for various ways to suppress the warning.