Q3 2026 Interglobe Aviation Ltd Earnings Call Transcript
Key Points
- InterGlobe Aviation Ltd (BOM:539448) reported a total income of INR245 billion for the quarter, marking a 7% year-over-year increase.
- The company served nearly 32 million customers during the quarter, with record highs during the festive period.
- The introduction of India's first Airbus 321XLR is a significant milestone, enhancing long-haul flight comfort with new features.
- The BluChip loyalty program has rapidly scaled up, reaching around 10 million customers, enhancing customer engagement.
- InterGlobe Aviation Ltd (BOM:539448) maintained strong liquidity with a free cash of INR369.4 billion, supporting long-term growth investments.
- Operational disruptions in early December led to significant flight cancellations and delays, impacting performance.
- The company faced a ForEx loss of INR10.4 billion due to rupee depreciation against the dollar.
- A penalty of INR222 million was imposed by the DGCA due to operational disruptions.
- The implementation of new labor codes resulted in an estimated provision of INR9.7 billion, impacting profitability.
- Passenger unit revenue and yield both decreased year-over-year, with a 4.5% and 2% drop respectively.
(audio in progress)
The transcript of the Q&A session will be uploaded subsequently.
With this, let me hand over the call to Pieter Elbers.
Thank you, Jes. Good evening, ladies and gentlemen. As this marks our first interaction in the new year, I would like to extend my warm wishes for a very happy new year, 2026, to all of you. Thank you for joining today's call.
Earlier today, we have announced our financial results for the third quarter of financial year 2026. Quarter opened with the industry rebounding after a seasonally weak second quarter when Indian carriers had reduced capacity to align with softer demand trends.
October marked a period of capacity addition ahead of the festive and wedding season. This accelerated addition continued through November, leading to strong capacity growth across the market, supported by strong passenger demand and high load
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