IndiGo announces Q1 FY27 Financial Results; total income increased to INR 256 billion

IndiGo delivers strong revenue growth amid a challenging operating environment. For the quarter ended June 2026, total income rose to INR 256 billion, supported by a 19% increase in passenger unit revenue. A combination of fuel price escalation, adverse foreign exchange movement and the Middle East conflict impacted profitability during the quarter, resulting in a net loss of INR 2.4 billion.

Financial Performance
- Total income: INR 256.1 billion (+18.9% YoY)
- Revenue from operations: INR 245.8 billion (+19.9% YoY)
- Passenger ticket revenue: INR 218.8 billion (+23.0% YoY)
- Ancillary revenue: INR 24.5 billion (+13.9% YoY)
- Net loss: INR 2.38 billion (vs. net profit of INR 21.8 billion last year)
- EBITDAR margin: 15.6% (down from 28.0% YoY)

Cost Pressures
- Fuel cost: INR 108.3 billion (+85.7% YoY)
- Total expenses: INR 258.5 billion (+34.4% YoY)
- CASK: INR 5.71 (+32.6% YoY)
- Fuel CASK: INR 2.49 (+80.4% YoY)

Operational Metrics
- Capacity (ASKs): 43.5 billion (+2.9% YoY)
- Passengers: 31.3 million (+0.7% YoY)
- Load factor: 83.3% (down 1.3 pts YoY)
- Yield: INR 6.04 (+21.3% YoY)
- RASK: INR 5.66 (+16.5% YoY)

Balance Sheet
- Cash balance: INR 528.8 billion (free cash INR 390.4 billion)
- Total debt (incl. leases): INR 815.3 billion

Fleet & Network
- Fleet size: 432 aircraft (net decrease of 9 passenger aircraft)
- Daily flights: Peak of 2,298
- Destinations: 97 domestic, 46 international

Outlook
- Q2 FY27 capacity expected to remain flat due to seasonal weakness and Middle East travel uncertainty.
- Management remains focused on cost discipline, prudent capacity management, and long-term network expansion despite near-term challenges.

👉 In short: IndiGo delivered strong revenue growth driven by higher yields and demand, but profitability was hit hard by surging fuel costs, rupee depreciation, and geopolitical disruptions.