Indigo is India's largest airline in terms of market share.
InterGlobe Aviation, the company that operates low-cost airline IndiGo in India, has suffered a loss of Rs 986.77 crore in the second quarter of the financial year 2024-25. In the same quarter a year ago (Q2FY24), the company had made a net profit (consolidated net profit) of Rs 188.9 crore.
Consolidated revenue from operations of IndiGo in July-September increased by 13.55% year-on-year to Rs 16,969.6 crore. In the same quarter a year ago i.e. in the second quarter of FY24, the company revenue was Rs 14,943.9 crore.
Indigo's revenue decreased by 13% on quarterly basis. In the last quarter i.e. April-June, the company had generated revenue of Rs 19,571 crore from operations. There has been a decline of 13.29% in the current quarter (Q2). At the same time, in the last quarter the company had made a net profit of Rs 2,729 crore.
Three reasons for loss in the second quarter
- 41% increase in airport fees, 29.6% increase in supplementary rental, 12.8% increase in repair and maintenance and ATF.
- The aircraft fuel price in July-September 2024 was 96,148.38/1000 litres, in 2023 it was 90,779.88/1000 litres.
- IndiGo's per passenger earnings declined from Rs 5.24 in the June quarter to Rs 4.55 in the September quarter.
Revenue increased due to increase in number of passengers in the second quarter
- The company's revenue increased by 14% during July-September due to increase in domestic travel.
- A total of 244.49 lakh passengers traveled by the airline during the second quarter.
- IdiGo Airlines' share in the Indian market was 62.5%.
- A total of 234.09 lakh people traveled by IndiGo during July-September last year.
- A total of 167.93 lakh people traveled by airline during the Corona epidemic.
Indigo shares rose 46.84% this year Ahead of the July-September results, InterGlobe Aviation shares closed at Rs 4,373.70 today i.e. Friday (October 25) with a decline of 3.23%. The company's shares have fallen 6.08% in 5 days and 8.54% in one month.
At the same time, Indigo shares have given positive returns of 14.72% in 6 months, 80.07% in one year and 46.84% since January 1 this year. The market cap of the company is Rs 1.69 lakh crore.
Indigo is India's largest airline IndiGo is India's largest airline by market share. It was founded in 2006 by Rahul Bhatia and Rakesh Gangwal. It operates more than 2000 flights daily.
Indigo flights operate on more than 80 domestic destinations and more than 30 international destinations. It connects 110+ destinations. The airline has a fleet of more than 320 aircraft. It has more than 50 crore customers.
Graphics Source: VaskarAssets
