IndiGo Q2 loss narrows to ₹1,879.1 crore as fare gains partly offset fuel-cost surge

IndiGo reported a narrower net loss of ₹1,879.1 crore in Q2 FY27, down from ₹2,582.1 crore a year earlier. This improvement was largely due to higher passenger yields, which increased by 34.3% to ₹6.30 per passenger kilometre, contributing to a 25.9% rise in revenue from operations to ₹23,363.8 crore. However, the positive impact on earnings was limited by the surge in fuel costs, which climbed 67.2% to ₹9,966.8 crore and accounted for the bulk of the company's expenses, up 18.6% to ₹26,188.4 crore.

Despite a slight reduction in capacity and a 4.7% drop in passenger traffic, the airline managed to offset some of the cost burden. A weaker rupee added to the pressure by increasing the expense of dollar-denominated costs such as aircraft leases and maintenance.