IndiGo Q1 FY27: Revenue Up, Costs Win the Quarter

For the quarter ended June 30, 2026, IndiGo reported total income of INR 256,141 million and a net loss (PAT) of INR 2,380 million on a consolidated basis.

Yield increased 21.3% year-on-year to INR 6.04, while load factor decreased by 1.3 percentage points to 83.3%.

Fuel was the largest pressure point: aircraft fuel expense was INR 108,329 million and fuel CASK was INR 2.49 (up 80.4% YoY). Rupee depreciation and inflationary pressures also impacted non-fuel costs.

Management expects Q2 FY27 capacity (ASKs) to be broadly flat versus Q2 FY26 and expects unit passenger revenue (PRASK) growth of more than 25% year-on-year.

Total cash was INR 528,846 million (free cash INR 390,387 million; restricted cash INR 138,459 million). Total debt including capitalized operating lease liabilities was INR 815,313 million.

Management reiterated its guidance to reach about 40% of capacity from international operations by 2030.