InterGlobe Aviation Ltd — earnings calls

IndiGo reported a net loss of Rs 2.4 billion for Q1 FY27 compared to a profit of Rs 21.8 billion in the same quarter last year, driven by a sharp rise in fuel costs and rupee depreciation even as revenue grew. Total income rose about 19% year-over-year to Rs 256 billion, with yield up 21.3% and load factor down 1.3 points, while EBITDAR margin fell to 15.6% from 28%. Management said capacity was rationalized due to Middle East geopolitical disruption and seasonal factors, and guided to flattish capacity growth with PRASK growth of more than 25% for Q2 FY27.

IndiGo reported a net loss of Rs 25.4 billion for Q4 FY26 and Rs 23.9 billion for full year FY26, driven largely by foreign exchange losses of Rs 48.2 billion on lease liabilities from rupee depreciation. Management described a year marked by external disruptions including a December operational disruption, geopolitical developments affecting Middle East and Europe routes, and an FX-driven cost impact, alongside continued fleet induction and international expansion. The company announced Willie Walsh as incoming CEO from early August and guided to mid-teens unit revenue growth and 3-4% capacity growth for Q1 FY27.