On December 27, 2024, InterGlobe Aviation’s (NSE: INDIGO) share price was trading 0.5% lower at ₹4,707.20 at 11:55 AM on the NSE. The stock opened at ₹4,725 unchanged from its previous close. The stock gained approximately 6.42% between December 23 and December 26, 2024.
According to news reports, strong demand growth for air travel is expected throughout FY28. This forecast is supported by factors such as the ongoing expansion of capacity at major airports across India, which is likely to drive a significant increase in passenger traffic. This has proved positive for Indigo’s share price in recent days.
IndiGo (InterGlobe Aviation) reported a net loss of ₹986.7 crore, a significant decline from a net profit of ₹188.9 crore in Q2 FY24. The airline’s revenue from operations rose by 13.6% year-on-year, reaching ₹16,969.6 crore, compared to ₹14,943.9 crore in the same period last year.
Despite this increase, the company faced higher fuel costs and a record number of groundings, which impacted its financial performance.
The operating profit (EBITDAR) stood at ₹2,434 crore, slightly lower than the ₹2,446.5 crore recorded in Q2 FY24. This resulted in a slight decrease in the operating margin, reflecting the challenges faced by the company despite the revenue growth.
IndiGo, has a fleet of over 410 aircraft, it operates over 2,100 daily flights to more than 120 destinations, including 34 international routes. Known for its affordable fares, IndiGo connects cities across India and abroad.
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