Mumbai/Pune: InterGlobe Aviation Ltd., which operates IndiGo, reported its IndiGo Q2 FY27 results for the quarter ended September 30, 2026, with total income rising 24% year-on-year to ₹243,119 million.
The airline said disciplined capacity deployment and yield management supported revenue growth, while exceptionally high fuel costs and rupee depreciation weighed on profitability.
During IndiGo Q2 FY27, capacity declined 1% year-on-year to 40.8 billion available seat kilometres (ASKs), while passengers carried fell 4.7% to 27.5 million. Yield increased 34.3% to ₹6.30, while the load factor declined 2.2 percentage points to 80.3%.
Revenue from operations increased 25.9% to ₹233,638 million during IndiGo Q2 FY27, compared with ₹185,553 million in the corresponding quarter last year.
Fuel CASK increased 68.9% to ₹2.44, while CASK excluding fuel and foreign exchange increased 14.6% to ₹3.45.
EBITDAR stood at ₹24,599 million, compared with ₹11,143 million in the year-ago quarter, representing an increase of 120.8%. EBITDAR excluding foreign exchange impact stood at ₹36,153 million, compared with ₹38,003 million a year earlier.
The net loss during IndiGo Q2 FY27 stood at ₹18,791 million, compared with a net loss of ₹25,821 million in the same period last year. Net loss excluding foreign exchange was ₹7,237 million, compared with a profit of ₹1,039 million in the corresponding quarter.
Willie Walsh, CEO, said, “The seasonally soft September quarter saw exceptionally elevated fuel costs and continued geopolitical turmoil.
We responded with prudent capacity reduction and yield management, supporting strong revenue performance but only partially offsetting the higher costs. Despite these actions, the quarter resulted in a net loss of around 19 billion rupees.
“We remain focused on managing the near-term challenges while continuing to invest for the future. India’s long-term aviation opportunity remains compelling, and our priorities remain clear: safe and reliable operations, rigorous cost discipline, and disciplined growth that creates sustainable value.”
IndiGo Q2 FY27 Revenue and Costs
- Total income during IndiGo Q2 FY27 stood at ₹243,119 million, up 24% from ₹195,995 million in the same quarter last year.
- Passenger ticket revenue increased 29.3% to ₹206,522 million, while ancillary revenue rose 15.9% to ₹24,809 million.
- Revenue from operations increased 25.9% to ₹233,638 million, while other income declined 9.2% to ₹9,481 million.
- RASK increased 26.4% to ₹5.76 and yield rose 34.3% to ₹6.30 per kilometre.
- Total expenses in IndiGo Q2 FY27 increased 18.6% year-on-year to ₹261,884 million from ₹220,812 million.
- Fuel costs increased 67.2% to ₹99,668 million, while other costs excluding fuel rose marginally by 0.6% to ₹162,216 million.
- CASK increased 20.6% to ₹6.22. CASK excluding fuel stood at ₹3.77, up 1.8%, while CASK excluding fuel and foreign exchange increased 14.6% to ₹3.45.
IndiGo Q2 FY27 Cash Position and Fleet
As of September 30, 2026, IndiGo had a total cash balance of ₹526,854 million, comprising ₹399,290 million in free cash and ₹127,564 million in restricted cash.
The capitalised operating lease liability stood at ₹551,592 million, while total debt, including the capitalised operating lease liability, stood at ₹873,031 million.
The airline’s fleet stood at 442 aircraft at the end of IndiGo Q2 FY27, including 26 A320 CEOs, 174 A320 NEOs, 186 A321 NEOs, four A321XLRs, 44 ATRs, three A321 freighters and five B787 aircraft on damp lease. The fleet recorded a net increase of 10 passenger aircraft during the quarter.
IndiGo operated at a peak of 2,020 daily flights during the quarter, including non-scheduled flights. It provided scheduled services to 97 domestic destinations and 36 international destinations.
IndiGo Q2 FY27 Operational Performance
For July-September 2026, IndiGo reported Technical Dispatch Reliability of 99.9%. Its on-time performance stood at 91.3% at 10 major airports, while the flight cancellation rate was 0.35%.
For the third quarter of fiscal 2027, IndiGo expects capacity measured in ASKs to grow by early single digits compared with the third quarter of fiscal 2026.
The airline had a fleet of 442 aircraft as of September 30, 2026.
Also Read: IndiGo to Begin International Operations from Navi Mumbai International Airport in February 2027
