In contrast to the same period last year, Interglobe Aviation, the company that owns and operates IndiGo, reported a lowering of its net loss to Rs 1,064.3 crore for the June 2022 quarter. Its operational revenue increased by a factor of three, or 327.5%, to Rs 12,855.3 crore.
IndiGo overall revenue for the quarter that ended in June 2022 was Rs 13,018.8 crore, up 310.7% from the same period last year.
“during the quarter, our passenger ticket revenues were Rs 114,669 million, up 399.1%, and ancillary revenues were Rs 12,863 million, up 92.5 percent over the same period last year.”
According to a statement from IndiGo
The sum of IndiGo’s expenses for the three months ending in June 2022 was Rs 14,083.1 crore, up 122% over the corresponding period in the previous year.
“This quarter’s sales performance was excellent. We reported the company’s highest-ever revenue generation, which resulted in operational profitability. However, we were unable to convert this excellent sales performance into net profitability due to fuel and foreign exchange cost constraints. Weak seasonality will make our financial performance in the second quarter more difficult, but the long-term sales trend is still positive.”
Ronojoy Dutta, CEO of IndiGo, stated
Its overall cash position was Rs 19,069.4 crore, of which Rs 8303.7 crore was free cash and Rs 10765.7 crore was cash subject to restrictions. The liability for capitalised operating leases was Rs 34,474 billion. A total of Rs 39,277.6 crore in debt was owed (including the capitalised operating lease liability).
The no-frills airline’s load factor increased to 79.6% in the first quarter of FY23 from 58.7% in the same period of FY22. When compared to the same quarter a year prior, its yield during the June 2022 quarter increased by 50.3% to Rs 5.24 per kilometre.
Including 35 A320 CEOs, 146 A320 NEOs, 65 A321 NEOs, and 35 ATRs, IndiGo’s fleet of 281 aircraft as of June 30, 2022, represented a net increase of 6 aircraft during the April–June 2022 quarter.
Including non-scheduled flights, the airline ran a high of 1,667 daily flights during the quarter. offered scheduled services to 20 foreign and 73 domestic destinations during the June 2022 quarter.
IndiGo had a technical dispatch reliability of 99.90% for the quarter ending in June 2022. At four major metropolises, it achieved an on-time performance of 85.5% and a flight cancellation rate of 0.61 percent.
According to IndiGo, the capacity in terms of ASKs (available seat kilometres) is anticipated to rise by roughly 70–80% between the second quarter of fiscal year 2022 and the second quarter of fiscal year 2023.
On Wednesday, shares of IndiGo increased 1.20 percent, or Rs 23.25, to Rs 1,967 a share on the BSE.
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