Airlines company InterGlobe Aviation announced Q2FY24 results: 1. Financial Performance: - IndiGo recorded a profit of Rs 8,061 million for the quarter, excluding foreign exchange loss. - Net profit for the quarter was Rs 1,889 million, including a foreign exchange loss of Rs 6,171 million. - Revenue from operations increased by 19.6% to Rs 1,49,439 million. - Reduction in fuel CASK by 26.7% to Rs 1.66. 2. Operational Metrics: - Capacity increased by 27.7%. - Passengers increased by 33.4% to 26.3 million. - Yield declined by 12.4% to Rs 4.44 and load factor improved by 4.1 points to 83.3%. 3. Profitability Metrics: - EBITDAR of Rs 24,464 million with an EBITDAR margin of 16.4%. - Excluding foreign exchange loss, profit amounted to Rs 8,061 million compared to a loss of Rs 3,818 million. - Net profit of Rs 1,889 million, compared to a net loss of Rs 15,833 million. 4. Revenue and Cost Comparisons: - Total income increased by 20.6% to Rs 1,55,029 million. - Passenger ticket revenues increased by 17.6% to Rs 1,30,690 million. - Ancillary revenues increased by 20.5% to Rs 15,510 million. 5. Cash and Debt: - Total cash balance of Rs 3,06,658 million, with Rs 1,80,827 million as free cash and Rs 1,25,831 million as restricted cash. - Total debt (including capitalized operating lease liability) of Rs 4,93,917 million. 6. Network and Fleet: - Fleet of 334 aircraft, including 20 A320 CEOs, 176 A320 NEOS, 93 A321 NEOs, 41 ATRs, 2 A321 freighter, and 2 B777 (damp lease). - Operated at a peak of 1,958 daily flights, including non-scheduled flights. - Provided scheduled services to 79 domestic destinations and 28 international destinations. 7. Operational Performance: - Technical Dispatch Reliability of 99.89%. - On-time performance of 86.5% at four key metros and a flight cancellation rate of 0.64%. 8. Future Capacity Growth: - Third quarter fiscal year 2024 capacity is expected to increase by around 25% compared to the previous year. Company’s CEO, Pieter Elbers said, “I am pleased to report yet another profitable quarter despite the seasonal fluctuations and external headwinds coming into play. With our clear strategy and focus on execution, we have completed a full cycle and remained profitable for the last four quarters. We continued to augment our network both domestically and internationally as we added 10 new destinations in the past few months, taking the total number of destinations to 115 as of today. My deepest gratitude to all 6E employees for their hard work, determination, and passion they bring to their roles in serving our loyal IndiGo customers.” Result PDF