Q2 2026 Interglobe Aviation Ltd Earnings Call Transcript
Key Points
- InterGlobe Aviation Ltd (BOM:539448) reported a total income of INR196 billion for the quarter, marking an increase of over 10% compared to the same period last year.
- The company achieved a profit of INR1 billion, excluding the impact of foreign exchange movements and hedging, against a loss of INR7.5 billion in the same period last year.
- InterGlobe Aviation Ltd expanded its network to 94 destinations, reinforcing its position as India's most connected airline.
- The company announced the introduction of its first Airbus 321 XLR, which will extend its operational range and unlock access to new international destinations.
- InterGlobe Aviation Ltd's loyalty program, Bluechip, has grown to around 7 million members, reflecting strong customer engagement.
- The company reported a net loss of INR25.8 billion due to the impact of foreign exchange movements and rupee depreciation.
- The sharp depreciation of the rupee led to increased costs, with a foreign exchange loss of around INR29 billion reported for the quarter.
- InterGlobe Aviation Ltd faces challenges with aircraft on ground (AOG) issues, with the number of grounded aircraft expected to remain stable in the range of 40s.
- The company anticipates early single-digit percentage increases in unit costs, excluding fuel and foreign exchange, for the full financial year 2026.
- There are concerns about potential cost escalations due to U.S. dollar-denominated expenses and the implementation of new FDTL norms.
Good evening, ladies and gentlemen, and welcome to IndiGo's conference call to discuss the second quarter and fiscal year 2026 financial results. My name is Nirav, and I'll be your coordinator. (Operator Instructions)
Please note, a reminder that today's conference call is being recorded. I would now like to turn your call over to your moderator, Ms. Richa Chhabra, Investor Relations team of IndiGo. Over to you, ma'am.
Good evening, everyone, and thank you for joining us for the second quarter of fiscal year 2026 earnings call. We have with us our Chief Executive Officer, Pieter Elbers; and our Chief Financial Officer, Gaurav Negi, to discuss the financial performance and are available for the Q&A session.
Please note that today's discussion may contain certain statements on our business or financials, which may be construed as forward-looking. Our actual results may be materially different from these forward-looking statements. The information provided on this call is as of
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