Conference Call with InterGlobe Aviation Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Airlines company InterGlobe Aviation announced Q2FY25 results Capacity increased by 8.2% to 38.2 billion. Passengers increased by 5.8% to 27.8 million. Yield increased by 2.3% to Rs 4.55 and load factor reduced by 0.6 pts to 82.6%. Revenue from Operations increased by 13.6% to Rs 1,69,696 million. Fuel CASK increased by 4.2% to Rs 1.73. CASK ex fuel increased by 16.8% to Rs 2.96. EBITDAR of Rs 24,340 million (14.3% EBITDAR margin), compared to EBITDAR of Rs 24,465 million (16.4% EBITDAR margin). Net loss of Rs 9,867 million, compared to net profit of Rs 1,889 million. Pieter Elbers, CEO, InterGlobe Aviation, said: “IndiGo’s growth and expansion continued as our topline grew by 14.6 percent on a year over year basis, in the second quarter to 178 billion rupees. In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing. We continue to capitalize on the growth of the Indian market and associated opportunities and at the same time remain a cost leader in this competitive market. It marks a proud moment for us as we launch our business class two weeks from now and offer a new experience to our customers. We are receiving positive response to our recently launched loyalty rewards program – IndiGo BluChip. I would like to extend my gratitude to our 6E family for their continuous efforts in making IndiGo India’s preferred airline and courteously serving 28 million customers during the quarter.” Result PDF