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IndiGo swings to ₹238 crore loss as fuel costs double in June quarter
IndiGo reported revenue growth with ticket sales up 23% YoY and ancillary revenue up 13.9%, but operating expenses rose 34% YoY.
InterGlobe Aviation, the parent of IndiGo, reported a consolidated net loss of ₹238 crore for the June quarter (Q1 FY27), reversing from a year-ago profit of ₹2,176.3 crore, according to LiveMint Markets citing Reuters. The airline said profitability was pressured by higher fuel prices, adverse foreign exchange movements, and disruptions linked to the Middle East conflict.
Total income rose to ₹25,614.1 crore from ₹21,542.6 crore in the prior year quarter, driven by passenger ticket revenue increasing 23% YoY to ₹21,878.6 crore and ancillary revenue growing 13.9% to ₹2,453.4 crore. However, the gains were offset by a sharp rise in costs, with total expenses up 34% YoY.
Fuel expenses jumped to ₹10,833 crore, up 100% from ₹5,833 crore a year earlier, while the foreign exchange loss narrowed to ₹83 crore from ₹147 crore. At the operating level, EBITDAR fell to ₹3,833 crore from ₹5,739 crore, with the EBITDAR margin dropping to 15.6% from 28%.
IndiGo also said capacity increased 2.9% to 43.5 billion and passenger numbers rose 0.7% to 31.3 million. For the second quarter of FY27, it expects capacity, measured in Available Seat Kilometres, to remain broadly flat versus the corresponding quarter of FY26, citing lower demand in a traditionally weaker period and operational uncertainty affecting travel between India and West Asia.