IndiGo reports unparalleled Revenue and Profits in Q1 FY’24

In a remarkable start to fiscal year 2024, IndiGo, India’s leading airline, has announced its highest-ever quarterly revenue of INR 171,609 million and a record-breaking net profit of INR 30,906 million. The robust financial results reflect the airline’s strong operational performance, strategic execution, and favorable market conditions.

During the June 30, 2023 quarter, IndiGo witnessed an impressive 18.8 percent increase in capacity, accommodating 30.1 percent more passengers, with an enhanced load factor of 88.6 percent. Notably, the airline’s average fuel prices declined by 22.5 percent, significantly impacting cost per available seat kilometer (CASK) and contributing to the impressive 31.2 percent EBITDAR margin.

Pieter Elbers, CEO of IndiGo, expressed delight at the positive momentum and emphasised the airline’s focus on future growth with an outstanding order book of approximately 1,000 aircraft. IndiGo’s commitment to excellence was further recognised with prestigious awards and accolades, reaffirming its position as a top player in the global aviation industry.

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