On Wednesday, InterGlobe Aviation (Indigo) reported a narrowing of losses to Rs 1,064.30 crore in the June quarter compared with a loss of Rs 1,681.80 crore in the March quarter and Rs 3,174.20 crore in the year-ago quarter.
Headwinds caused by depreciating rupee and higher fuel prices led to losses, the company said in a BSE filing. Revenues from operations surged 327.50 per cent YoY to Rs 12,855.30 crore compared with Rs 3,006.90 crore in the year-ago quarter. Total income of Rs 13,018.80 crore for the quarter was the highest ever, InterGlobe Aviation said.
Capacity increased 145 per cent YoY while passenger numbers climbed 221.9 per cent for the quarter. Fuel prices rose 95.5 per cent YoY. InterGlobe reported an EBITDAR of Rs 716.90 crore with EBITDAR margin of 5.6 per cent. This is against a negative EBITDAR of Rs 1360.20 crore with a negative EBITDAR margin of 45.2 per cent.
The company said its passenger ticket revenues stood at Rs 11,466.90 crore in the June quarter, up 399.1 per cent and ancillary revenues were up 92.5 per cent YoY at Rs 1,286.30 crore.