IndiGo Airlines released its third-quarter results for the fiscal year 2023-24, revealing significant progress and growth compared to the same period in the previous fiscal year. The airline reported a capitalised operating lease liability of Rs 445,565 million, contributing to a total debt, including the capitalised operating lease liability, of Rs 511,875 million.
For the quarter ending December 31, 2023, IndiGo showcased notable advancements:
Capacity increased by 26.8%.
Passengers surged by 23.4%.
Revenue from operations witnessed a substantial increase of 30.3%, reaching Rs 194,521 million.
The airline reported an EBITDA of Rs 54,751 million with a 28.1% increase, excluding foreign exchange loss. A profit of Rs 30,491 million was recorded, compared to Rs 20,091 million in the corresponding period of the previous fiscal.
Total income for the quarter reached Rs 200,623 million, marking a significant increase of 30.2% over the same period in the previous fiscal year. However, expenses also saw a rise, totaling Rs 170,637 million, reflecting a 22.0% increase compared to the same quarter last fiscal.
As of December 31, 2023, IndiGo's fleet comprised 358 aircraft, with a net increase of 23 passenger aircraft and 1 freighter during the quarter. The airline operated at a peak of 2,016 daily flights, including non-scheduled flights, and provided scheduled services to 86 domestic and 29 international destinations.
IndiGo's robust financial performance and operational expansion underscore its position as a leading player in the aviation industry, reflecting positive growth trends and a commitment to providing services across a wide range of destinations.
(With Agency Inputs)
