InterGlobe Aviation, the parent company of India’s largest airline, IndiGo, announced its September quarter results today, November 4, post market hours, reporting a net loss of ₹2,582 crore compared to a loss of ₹987 crore in the same quarter last year.
The airline’s performance was impacted by higher operational costs and a sharp decline in EBITDA margin, even as revenue from operations rose 9.3% year-on-year to ₹18,555 crore, supported by steady growth in passenger traffic and improved yields.
Capacity during the quarter increased 7.8% to 41.2 billion, while passenger numbers grew 3.6% to 28.8 million. However, a significant reduction in EBITDAR margin to 6.0% from 14.3% in the year-ago period weighed on overall profitability.
