NEW DELHI: InterGlobe Aviation, which runs IndiGo airline, on Friday, reported a net loss of Rs 986 crore for the quarter ending September following seven consecutive profitable quarters. The airline reported a net profit of Rs 188 crore in the same period last year and Rs 2,728 crore in the first quarter of FY25.
The airline’s CEO Pieter Elbers attributed the loss to challenges from aircraft groundings and high fuel costs, coupled with typically low demand during this quarter. “In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing,” said Elbers.
In the same quarter, IndiGo’s revenue from operations increased by 14% year-on-year, reaching Rs 16,970 crore. In the July-September quarter, IndiGo’s passenger ticket revenues increased by 10% to Rs 14,359 crore. Additionally, ancillary revenues grew by 21% YoY, reaching Rs 1,875 crore.
IndiGo also announced plans to launch its business class in two weeks, aiming to provide customers with a new and enhanced experience. It expects its third-quarter capacity, measured in available seat kilometers (ASKs), to grow by early double digits compared to the same quarter in fiscal year 2024.
IndiGo has a total of 410 aircraft, including various models like 41 A320 CEOs, 201 A320 NEOs, 112 A321 NEOs, 45 ATRs, 3 A321 freighters, 6 B737s, and 2 B777s. This represents an increase of 28 passenger aircraft in the past quarter.
Meanwhile, at the end of the September quarter, IndiGo’s capitalised operating lease liability was Rs 47,779 crore. Including this, the airline’s total debt amounted to Rs 59,237 crore.