Conference Call with InterGlobe Aviation Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
InterGlobe Aviation announced Q3FY23 results: Q3FY23: Capacity increased by 25.3%. Passenger numbers increased by 25.8% to 22.3 million. Yield improved by 21.9% to Rs 5.38 and load factor improved by 5.4 points to 85.1%. Revenue from operations increased by 60.7% to Rs 1,49,330 million. Fuel prices increased by 52.4% leading to an increase in fuel CASK by 41.2% CASK ex-fuel increased by 6.0% to Rs 2.76 due to increase in foreign exchange losses. EBITDAR of Rs 33,990 million (22.8% EBITDAR margin), compared to EBITDAR of Rs 19,955 million (21.5% EBITDAR margin). Profit excluding foreign exchange of Rs 20,091 million compared to Rs 1,252 million. Net profit of Rs 14,226 million, compared to net profit of Rs 1,298 million. The Company’s CEO, Mr. Pieter Elbers said, “Third quarter performance was strong both operationally and financially in the backdrop of robust demand for air travel. The wide range of initiatives that were set in motion across the organization have started to yield results. I am proud to report the highest-ever quarterly revenue of 154.1 billion rupees and a robust profit of 14.2 billion rupees for the third quarter of fiscal year 2023. We are thankful to our customers and all IndiGo employees who enabled us to achieve this performance. With a modern fleet of over 300 aircraft, we continue to serve the market with further capacity growth planned across domestic and international sectors.” Result PDF