InterGlobe Aviation, the parent company of IndiGo, recorded a consolidated net loss of Rs 238 crore for the initial quarter of FY27, a significant drop from the Rs 2,176.3 crore profit in the same period last year. Revenue from operations saw a 19.9% increase year-on-year, reaching Rs 24,584 crore during April-June, up from Rs 20,496.3 crore in the previous year. Despite this, the company faced a standalone net loss of Rs 382 crore for the quarter ending June 30.
Total income surged by 18.9% to Rs 25,614.1 crore, while other income decreased by 1.6% to Rs 1,030 crore. Notably, total expenses rose by 34% to Rs 25,852 crore from Rs 19,231.9 crore. Aircraft fuel expenses notably spiked by 85.7% year-on-year to Rs 10,832.9 crore, surpassing the growth in operating revenue.
In terms of operations, IndiGo’s capacity, measured in available seat kilometres (ASKs), grew by 2.9% year-on-year to 43.5 billion ASKs, with the number of passengers carried increasing by 0.7% to 31.3 million in the quarter. Rahul Bhatia, the Managing Director of InterGlobe Aviation, highlighted a challenging operating environment in the first quarter, marked by high fuel costs and network-related constraints in the Middle East impacting profitability.
Bhatia acknowledged the healthy demand and improved revenue performance, attributing it to better yields and continued customer preference for IndiGo, having served over 31 million passengers. Despite ongoing uncertainties, the airline remains committed to strengthening its network, enhancing customer options, and creating sustainable value for all stakeholders. As of June 30, IndiGo’s total debt, including capitalised operating lease liabilities, stood at Rs 81,531.3 crore, with the capitalised operating lease liability alone amounting to Rs 53,755.6 crore. The airline’s passenger fleet decreased by a net of nine aircraft during the quarter. Shares of IndiGo closed nearly 2% lower at Rs 5,023.9 on the BSE on Thursday.
