Third Quarter FY2018 Results of IndiGo

The third quarter results of the fiscal year 2017-2018 of IndiGo is the strongest for the year. As in the previous quarter, financial performance was driven by market growth and better yield management. Despite an increase in costs, the strength of the quarter allowed corresponding fares realised being higher. Ancillary revenue was particularly strong registering growth of 20 per cent. Recovery in cargo demand led to better cargo revenue. Other operating incomes also rose to 307 per cent of revenue and these were credits received from aircraft and engine manufacturers.

Overall cost per-seat-kilometre increased by 3.9 per cent. While overall costs were kept in line, much of the increase was driven by increasing fuel costs which was up 12.6 per cent compared to the same quarter last fiscal.