IndiGo posts ₹238 crore Q1 loss as fuel costs and West Asia disruptions dent margins
IndiGo’s revenue from operations rose 19.9% year-on-year to ₹24,584 crore, but fuel costs nearly doubled and total expenses climbed 34.4%, pushing the airline into a ₹238 crore June-quarter loss. September-quarter capacity is expected to remain broadly flat.
IndiGo posted a ₹238 crore June-quarter loss despite 19.9% revenue growth, as fuel costs nearly doubled and West Asia disruptions hurt profitability. The airline expects September-quarter capacity to remain broadly flat amid weaker seasonal demand and regional travel uncertainty.
Why this matters
The loss follows IndiGo's Q1 preview warning of a sharp profit squeeze, despite its 66% domestic share entering Q1. It also comes after IndiGo granted 113,500 performance stock options under ESOP 2023.
retail-company is accelerating, up 1,043,300% QoQ.