Newsletter
InterGlobe Aviation, which operates the low-cost carrier IndiGo, posted its Q1 results, missing market estimates as net profit declined 20% YoY.
By the numbers:
- Net Profit down 20.2% at ₹2,176 cr
- Revenue up 4.7% at ₹20,496 cr
- EBITDA up 1.3% at ₹5,226 cr
The airline carried over 31 million passengers during the quarter, marking a 12% YoY increase. Capacity also rose 16.4% to 4,230 crore, reflecting continued network expansion.
What led to the revenue growth: rise in domestic travel during the quarter, as demand for domestic travel in India has continued to surge for the past six quarters.
Air passenger traffic rose 4.4% on year in Q1FY26 to 419.8 lakh passengers carried during the quarter.
Zoom out: IndiGo remains the dominant player in Indian aviation. But Q1 results hint at a normalising post-COVID surge, and the road ahead may be more competitive. Fuel costs, forex volatility, and international expansion will be key factors shaping profitability in the quarters to come.
