IndiGo is striving to improve its international presence through strategic partnerships and loyalty programs. It served 106.7 million customers in FY24, with a net increase of 63 aircraft. The company had eight strategic partners with a 27% international share in terms of ASK in FY24.
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Motilal Oswal Report
Interglobe Aviation Ltd. reported flat YoY Ebitda at Rs 51.6 billion and PAT of Rs 24.4 billion (estimate Rs 36.9 billion) in Q3 FY25. Excl. forex loss/gain, Ebitda was 5% above our estimate. Revenue passenger kilometers stood at 35.5 billion. Passenger load factor was 87%, with available seat kilometers of 40.8 billion (est. 40.9 billion) and yield of Rs 5.43 (est. Rs 5.37, down 1% YoY) in Q3.
Management highlighted that the quarter saw robust air travel by customers thanks to the festive season, year-end holidays and a general rise in consumer demand. This was markedly offset by a forex loss of Rs 14.6 billion as rupee continued to depreciate during the quarter, which continued in Jan'25.
Management remains confident that as its international operations expand, it would serve as a natural hedge.
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