Q1 2025 Interglobe Aviation Ltd Earnings Call Transcript
Key Points
- InterGlobe Aviation Ltd (BOM:539448) reported a quarterly total income of INR202 billion, an 18% increase compared to the same period last year.
- The company achieved a profit after tax of INR27.3 billion, marking seven consecutive quarters of profitability.
- InterGlobe Aviation Ltd (BOM:539448) served around 28 million customers during the quarter, reflecting strong customer loyalty.
- The company is expanding its network, adding 30 new routes year-over-year, and enhancing international capacity to Central Asia.
- InterGlobe Aviation Ltd (BOM:539448) is investing in technology and customer experience, including the launch of a tailor-made business product, in-flight entertainment, and a revamped website and mobile app.
- The company experienced increased fuel costs, with fuel CASK rising by 10.5% year-over-year.
- Aircraft grounding issues remain a challenge, with around 70 aircraft grounded due to spare engine unavailability.
- Operational disruptions, such as the canopy collapse at Delhi's Terminal 1 and a global IT outage, impacted flight operations.
- Inflationary pressures and contractual escalations have led to an 11% increase in CASK ex-fuel.
- The company faces increased costs from damp leases and secondary aircraft, which are more expensive than originally planned aircraft.
Good evening, ladies and gentlemen, and welcome to IndiGo's conference call to discuss the first quarter of fiscal year 2025 financial results. My name is Dorvin, and I will be your coordinator. At this time, the participants are in a listen only mode. A question-and-answer session will follow today's management discussion. As a reminder, today's conference call is being recorded.
I would now like to turn the call over to your moderator, Mr. Richa Chhabra, from the Investor Relations team of IndiGo.
Good evening, everyone, and thank you for joining us for the first quarter of fiscal year 2025 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
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