IndiGo posts ₹382 cr Q1 loss as fuel costs surge, trims fleet by nine aircraft

India's largest private airline, IndiGo, reported a standalone loss of ₹382 crore in the first quarter of FY 2027, a sharp reversal from a ₹2,161 crore profit in the same period a year earlier. On a consolidated basis the carrier logged a loss of ₹238 crore versus a profit of ₹2,176 crore in the prior year's quarter.

Revenue rose 18.9% year‑on‑year to ₹25,614.1 crore, but total expenses jumped 34.4% to ₹25,852.5 crore, driven largely by an 85.7% increase in fuel spend, which rose to ₹10,832.9 crore from ₹5,832.6 crore a year earlier. EBITDA fell 33.2% to ₹3,832.5 crore, with the margin contracting from 28.8% to 16.5%.

IndiGo also disclosed that its fleet will be reduced from the previously planned 441 aircraft to 432 by June 2026, a net drop of nine aircraft, mainly due to a decrease in dry‑lease planes from 20 to 7. The airline attributed part of the financial strain to the ongoing US‑Iran conflict, which has pushed fuel prices higher.