IndiGo faces rough weather in Q1, hit by skyrocketing fuel prices

InterGlobe Aviation (IndiGo) reported a 33% year-on-year decline in Q1FY27 Ebitdar to about Rs 3,800 crore, as fuel costs surged 86% to Rs 10,833 crore and rupee depreciation pushed other costs up 11%, dragging the airline into losses. Revenue rose 20% to around Rs 24,600 crore supported by a 21% jump in yield to Rs 6.04, while market share expanded to 65.4% from 64.4% a year ago. Nuvama has cut FY27/28 Ebitdar estimates by 10%/9%, new CEO Willie Walsh is set to join in early August, and the stock trades at about 50 times FY27 estimated earnings, well above its long-term average.