IndiGo Reports Q1 FY27 Net Loss of ₹2.4 Billion Amidst High Costs
InterGlobe Aviation Ltd (IndiGo) announced its first quarter of fiscal year 2027 results, reporting a net loss of ₹2.4 billion. This comes despite a strong revenue growth of 18.9% to INR 256,141 million, driven by a 19.9% increase in revenue from operations. The loss was attributed to a challenging operating environment, including significant fuel price escalation (up 85.7%), adverse foreign exchange movements, and Middle East conflict impacts. Capacity increased by 2.9% to 43.5 billion ASKs, and passenger numbers grew by 0.7% to 31.3 million. Yield increased by 21.3% to INR 6.04, but load factor decreased by 1.3 percentage points to 83.3%. Total expenses rose by 34.4% to INR 258,525 million, primarily due to fuel costs.
Key Highlights
- Q1 FY27 net loss of ₹2.4 billion due to high operating costs.
- Total income increased by 18.9% to INR 256,141 million.
- Revenue from operations grew by 19.9% to INR 245,841 million.
- Fuel costs surged by 85.7%, significantly impacting profitability.
- Passenger numbers grew slightly to 31.3 million with improved yields.
Price Impact
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