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InterGlobe Aviation (IndiGo) posted Q1 FY27 financial results, reporting a strong 18.9% YoY rise in total income to 25,614.1 Cr. However, the airline recorded a net loss of 238.0 Cr, a significant turnaround from a profit of 2,176.3 Cr last year.
The revenue growth was supported by a 2.9% increase in Available Seat Kilometers (ASKs) and a 1.4% rise in Revenue Passenger Kilometers (RPKs). IndiGo continued its network expansion, increasing its fleet to 432 aircraft and adding new domestic and international destinations. The airline now serves 97 domestic and 46 international direct routes, with strategic partnerships extending reach to 97 additional international destinations.
The loss was largely driven by an 85.7% surge in aircraft fuel expenses and an 11.4% depreciation of the INR against the USD, leading to a 34.4% increase in total costs. Costs per ASK (CASK) jumped 32.6%, outweighing the 16.5% increase in revenue per ASK (RASK). The company's total cash increased 7% to 52,884.6 Cr, while total debt grew 19% to 81,531.3 Cr.