IndiGo Shares Fall 2.4% After Airline Swings to ₹238 Crore Q1 Net Loss on High Fuel Costs

InterGlobe Aviation shares fell over 2.4% to ₹4,902.50 after reporting a Q1 FY27 consolidated net loss of ₹238 crore.

The net loss compares with a net profit of ₹2,176.3 crore in the year-ago period, driven by an 86% surge in jet fuel costs and West Asia flight disruptions.

Revenue from operations rose 19.9% to ₹24,584.1 crore, but total expenditure surged 34.4% to ₹25,852.5 crore, outpacing revenue growth.

Aircraft fuel expenses increased 85.7% year-on-year to ₹10,832.9 crore, squeezing EBITDAR margins to 15.6% from 28% a year earlier.

IndiGo maintained a cash balance of ₹52,884.6 crore and a fleet of 432 aircraft, with a 64% domestic market share.