IndiGo delivers strong revenue growth of 24% year-on-year, supported by disciplined capacity

IndiGo delivers strong revenue growth of 24% year-on-year, supported by disciplined capacity deployment and yield management. These measures helped partially offset elevated cost pressures.

Financial Performance (Q2 FY2027)
- Revenue from operations increased 25.9% year-on-year to INR 233.6 billion.
- Total income rose 24.0% to INR 243.1 billion.
- Net loss narrowed to INR 18.8 billion from INR 25.8 billion a year earlier.
- Net loss excluding forex impact stood at INR 7.2 billion.

Traffic & Operations
- Capacity (ASKs) declined 1.0% to 40.8 billion.
- Passenger traffic decreased 4.7% to 27.5 million passengers.
- Load factor fell 2.2 percentage points to 80.3%.
- Yield increased 34.3% to INR 6.30.

Revenue Trends
- Passenger ticket revenue grew 29.3% to INR 206.5 billion.
- Ancillary revenue increased 15.9% to INR 24.8 billion.
- RASK rose 26.4% to INR 5.76.

Cost Performance
- Total expenses increased 18.6% to INR 261.9 billion.
- Fuel costs surged 67.2% to INR 99.7 billion.
- Fuel CASK increased 68.9% to INR 2.44.
- CASK ex-fuel rose 1.8%, while CASK ex-fuel ex-forex increased 14.6%.

Management Commentary
- CEO Willie Walsh cited exceptionally high fuel prices and ongoing geopolitical challenges as key factors affecting profitability.
- IndiGo responded with capacity adjustments and yield management while maintaining focus on operational reliability, cost discipline, and long-term growth.

Cash & Debt Position
- Total cash balance stood at INR 526.9 billion.
- Free cash: INR 399.3 billion
- Restricted cash: INR 127.6 billion
- Total debt, including lease liabilities, was INR 873.0 billion.

Fleet & Network
- Fleet expanded to 442 aircraft, including:
- 26 A320ceo
- 174 A320neo
- 186 A321neo
- 4 A321XLR
- 44 ATR aircraft
- 3 A321 freighters
- 5 Boeing 787s (on damp lease)
- Operated a peak of 2,020 daily flights during the quarter.
- Served 97 domestic and 36 international destinations.

Operational Performance
- Technical Dispatch Reliability: 99.9%
- On-time performance: 91.3%
- Flight cancellation rate: 0.35%

Outlook
- Capacity in Q3 FY2027 is expected to grow by early single digits compared to the same period last year.

Awards & Recognition
- Named Best In-flight Café at the Travel + Leisure India & South Asia Delicious Dining Awards.
- Recognized among the Prestigious Brands of India 2026.
- Awarded Best Low-Cost Airline in India & South Asia for the 16th time by Skytrax.
- Also recognized as Cleanest Airline and for Best Cabin Crew in India & South Asia by Skytrax.
- Received the DEI Power Award for Inclusion of Persons with Disability (PwD) at the Global Inclusion Summit & Awards 2026.