Market leader IndiGo profit for the first quarter of the current fiscal plunged 96.6% to ₹27.8 crore against ₹811.1 crore in the year-earlier period following adverse impact of foreign exchange and high fuel prices.
Revenue from passenger tickets stood at ₹5,769.4 crore, an increase of 13.6% compared to the year-earlier period. Ancillary revenue rose 16% to ₹682.7 crore.
Capacity growth
The airline’s available seat kilometres, an indicator of its capacity, grew 18.4%.
However, the gains were blunted by an increase in fuel expenditure, which rose 54.3% to ₹2,715.64 crore from ₹1,759.16 crore. Aviation Turbine Fuel (ATF) cost along with adverse movement in foreign exchange resulted in its expenses for the quarter ended June 2018 increase to ₹6,787 crore from ₹4,831.21 crore — a jump of 40.5%.
The airline aims to see a 25% increase in its capacity by March 2019.
The budget-carrier also has aircraft-related debt of ₹2,521.9 crore as on June 30.
