InterGlobe Aviation Limited — Updates, 24-01-2025: Press Release

IndiGo delivered a strong financial performance for the quarter ended December 2024, driven by robust demand for air travel and lower fuel costs. The company reported a profit of INR 24.5 billion, down from INR 29.98 billion year-on-year, but a profit excluding currency impact reached INR 38.5 billion, up 26.1%. Capacity increased by 12% to 40.8 billion ASKs, with passenger numbers growing 12.7% to 31.1 million. Revenue from operations rose 13.7% to INR 221,107 million, bolstered by ancillary revenue growth of 22.3%.

Despite a rise in total expenses to INR 204,657 million, fuel costs decreased by 6.1%. IndiGo maintained a healthy cash position, with total cash of INR 437,808 million as of December 31, 2024, and a fleet of 437 aircraft. Looking ahead, the company anticipates a 20% increase in capacity for the fourth quarter of FY2025, presenting a positive outlook for continued growth.