IndiGo Q1 results: Net loss narrows to Rs 1,064 cr; revenue surges 328%

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Interglobe Aviation, which operates airline, on Wednesday said its net loss narrowed to Rs 1,064.3 crore for the quarter ended June 30, 2022. It reported net loss of Rs 3,174.2 crore in the year-ago period.


The airline’s revenue from operations rose 328% to Rs 12,855.3 crore.


On Wednesday, the company’s scrip on BSE closed 1.2% higher at Rs 1,967.


CEO Ronojoy Dutta said, “Our revenue performance this quarter was impressive. We reported the highest ever revenue generated by the company and thereby produced profits at an operational level. However, cost pressures on fuel and foreign exchange prevented us from translating this strong revenue performance into net profitability.


“While our financial performance in the second quarter will be challenged by weak seasonality, the long-term revenue trend remains strong.”


The company’s June quarter yield improved by 50.3% to Rs 5.24 per kilometre as compared to Rs 3.48 in Q1FY22.


Its load factor improved to 79.6% from 58.7% in Q1FY22.


As of June 30, 2022, the airline had a fleet of 281 aircraft including 35 A320 CEOs, 146 A320 NEOs, 65


A321 NEOs and 35 ATRs, a net increase of 6 aircraft during the quarter.


operated at a peak of 1,667 daily flights during the quarter, including non-scheduled flights.


said it had an on-time performance of 85.5% at four key metros and flight cancellation rate of 0.61%. The airline’s debt quarter as of June quarter-end was Rs 39,278 crore.

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