Interglobe Aviation Ltd

InterGlobe Aviation Limited, the parent company of IndiGo, announced that Willie Walsh has assumed the role of Chief Executive Officer, effective August 3, 2026, as previously announced in March 2026. Rahul Bhatia, Managing Director of IndiGo, stated Walsh’s extensive experience will be instrumental in accelerating the airline’s international expansion strategy and contributing to the development of the Indian aviation sector, while Walsh noted immense opportunities for IndiGo in India’s fast-growing aviation market. Walsh, who previously held leadership positions at Aer Lingus, British Airways, International Airlines Group, and IATA, will focus on accelerating global growth, driving operational excellence, and enhancing customer experience for IndiGo, which operates a fleet of over 430 aircraft and connects 95 domestic and 40 international destinations.

InterGlobe Aviation Limited, operating as IndiGo, announced it will discontinue its wide-body operations and conclude a damp lease agreement with Norse Atlantic Airways effective October 31, 2026, due to challenging operating conditions including geopolitical tensions, airspace constraints, and elevated fuel costs. The airline will transition flights between Mumbai and Amsterdam to Airbus A321XLR aircraft by October 25, 2026, and temporarily suspend services to and from London Heathrow until its Airbus A350-900s are delivered, while reaffirming its long-term international growth strategy.

Excluding the impact of foreign exchange, the company has registered a net loss of Rs 5.6 crore during the period under review. Revenue from operations increased 19.9% year-on-year (YoY) to Rs 24,584.1 crore in Q1 June 2026. EBITDAR fell by 33.2% to Rs 3,832.5 crore in Q1 FY27 from Rs 5,738.6 crore in Q1 FY26. EBITDAR margin in Q1 FY27 was 15.6% as against 28% in Q1 FY26. For Q1 FY27, IndiGo reported a 2.9% increase in capacity to 43.5 billion ASKs. Passenger numbers rose marginally by 0.7% to 31.3 million during the quarter. Yield imporved by 21.3% to Rs 6.04 while load factor decreased by 1.3% points to 83.3% in Q1 FY27 as compared to the same period last year. As on 30 June 2026, IndiGo had a total cash balance of Rs 52,884.6 crore comprising of Rs 39,038.7 crore of free cash and Rs 13,845.9 crore of restricted cash. For the June 2026 quarter, IndiGo has recorded a net decrease of 9 passenger aircrafts, which takes the total fleet count to 432 aircrafts. With respect to future capacity growth, IndiGo stated that in line with lower demand during a traditionally weaker quarter, coupled with the operational uncertainty affecting travel between India and West Asia, capacity in the second quarter of fiscal year 2027, measured in terms of ASKs, is expected to remain broadly flat compared to the second quarter of fiscal year 2026, reflecting lower aircraft utilization. As the company moves beyond this seasonally weaker quarter, it expects aircraft utilization to progressively increase. Rahul Bhatia, MD, said, 'The first quarter was shaped by a volatile operating environment, with elevated fuel costs and network related constraints in the middle east impacting profitability. At the same time, demand remained healthy and our revenue performance improved year-on-year, supported by improved yields and continued customer preference for IndiGo as we proudly served more than 31 million passengers. We remain focused on managing capacity prudently, maintaining cost discipline, and responding to market conditions with agility. However, the pressure of fuel costs and rupee depreciation resulted in a loss of around 2 billion rupees for the quarter.' InterGlobe Aviation (IndiGo) is among the fastest-growing low-cost carriers in the world. It had a fleet of 432 aircraft and provided scheduled services to 97 domestic and 46 international destinations as of 30th June 2026. Shares of InterGlobe Aviation fell 1.89% to close at Rs 5023.90 on the NSE. Powered by Capital Market - Live

Net loss of Interglobe Aviation reported to Rs 237.60 crore in the quarter ended June 2026 as against net profit of Rs 2176.30 crore during the previous quarter ended June 2025. Sales rose 19.94% to Rs 24584.10 crore in the quarter ended June 2026 as against Rs 20496.30 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales24584.1020496.30 20 OPM %13.2925.50 - PBDT2731.804876.70 -44 PBT-238.402310.70 PL NP-237.602176.30 PL Powered by Capital Market - Live

Brent crude traded near $94 a barrel, raising concerns over higher aviation turbine fuel costs amid escalating geopolitical tensions in the Middle East. Separately, media reports said IndiGo cofounder Rahul Bhatia has begun preparing his son, Madhav Bhatia, for a larger role within the airline group. According to the reports, Madhav Bhatia has been attending the airline's executive committee meetings in recent months and is being mentored by senior executives as part of a structured succession planning process. The reports said the development comes as IndiGo undergoes a leadership transition, with Willie Walsh set to take over as chief executive officer next month following Pieter Elbers' resignation in March 2026. InterGlobe Aviation (IndiGo) is among the fastest-growing low-cost carriers in the world. It had a fleet of 441 aircraft and provided scheduled services to 97 domestic and 45 international destinations as of 31st March 2026. The company reported a consolidated net loss of Rs 2,536.9 crore in Q4 FY26, compared with a net profit of Rs 3,067.5 crore in Q4 FY25. Revenue from operations rose 1.29% YoY to Rs 22,438.4 crore during the quarter ended 31 March 2026. The company will declare its Q1 FY27 results on 23 July 2026. Powered by Capital Market - Live

InterGlobe Aviation will hold a meeting of the Board of Directors of the Company on 23 July 2026.

InterGlobe Aviation announced that CRISIL Ratings vide its letter dated 29 June 2026, has continued its ratings on the bank facilities of the Company on 'Watch with Developing Implications', as detailed below: Long Term Rating - Crisil AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') Short Term Rating - Crisil A1+/Watch Developing (Continues on 'Rating Watch with Developing Implications')

InterGlobe Aviation has appointed Kanwal Jeet Singh Bakshi as Group Head - HR in the role of Chief Human Resources Officer of the Company effective 20 July 2026. Sukhjit Singh Pasricha, Chief Human Resources Officer has resigned and will be relieved from the service of the Company effective close of business hours on 19 July 2026.

announced that the 23th Annual General Meeting(AGM) of the company will be held on 20 August 2026.

InterGlobe Aviation slipped 2.04%, while SpiceJet declined 1.48%. Brent crude rose 4.54% to $97.32 per barrel after reports indicated that Israel had struck military targets in Iran following missile attacks by the Islamic Republic. The increase in crude oil prices weighed on investor sentiment toward airline stocks, as aviation turbine fuel is one of the largest operating costs for carriers. Higher fuel prices can increase operating expenses and potentially impact profitability. Powered by Capital Market - Live