IndiGo closed the first half of its fiscal year 2027 with net losses of 21.171 billion rupees (199 million euros), which represents an increase of 421.7% compared with the 'red numbers' of 4.058 billion rupees (38 million euros) recorded in the same period of the previous year. The airline continues to be heavily pressured by the rising cost of fuel, although in the second quarter this impact was partially offset by the increase in ticket prices.
According to the details in its financial report, aviation fuel costs amounted to 207.997 billion rupees (1.958 billion euros) in the half-year cumulative total, practically double that of a year earlier and representing nearly half of the Indian company’s total expenses.
Despite this, the turnover of InterGlobe’s subsidiary advanced 21% year-on-year, reaching 499.260 billion rupees (4.701 billion euros) in the first half of the new fiscal year, reflecting an improvement in revenues due to strong travel demand.
In the words of CEO Willie Walsh, the second quarter, "traditionally weak", was characterized by "exceptionally high" fuel costs and continued geopolitical instability, although the airline responded with a prudent reduction in capacity and performance management.
Between July and September, IndiGo managed to cut its losses by 27% and raise its revenues by 24%, supported by the boost in ticket sales. In that period, it carried 27.5 million passengers, which represents a decrease of 4.7% compared with the previous quarter, with an occupancy factor 2.2 percentage points lower, standing at 80.3%.
As of September 30, IndiGo's fleet had incorporated 10 additional aircraft and came to consist of 442 aircraft, including 26 A320ceo, 174 A320neo, 186 A321neo, 4 A321XLR, 44 ATR, 3 A321 cargo and 5 B787 (the latter under wet lease).
Finally, for the third quarter, the airline expects its capacity to experience single-digit growth compared with the same period of the previous year.