InterGlobe Aviation Reports First Quarter Loss Amid Fuel Price Spikes

InterGlobe Aviation Ltd, the parent company of IndiGo, reported a net loss for the first quarter ended June 30, 2026, reversing a profit of approximately ₹2,161 crore from the prior year. Reports on the exact loss vary, with two sources citing ₹382 crore and one reporting ₹238 crore.

The airline attributed the financial decline to soaring jet fuel prices driven by conflict in Iran and the Middle East, alongside adverse foreign exchange movements and rupee depreciation. Despite these headwinds, revenue from operations grew 20 percent year-on-year to ₹24,584 crore, and the company served over 31 million passengers.

Managing Director Rahul Bhatia stated that demand remained healthy regardless of the volatile operating environment. Looking ahead, the company expects second-quarter capacity growth for FY27 to remain broadly flat, citing seasonal weakness and operational uncertainty on routes between India and West Asia.