• Event Type: Earnings call to discuss Q2 FY27 financial results, followed by a Q&A session.
  • Date and Time: The call was held on October 29, 2026. A specific start time was not disclosed in the transcript.
  • Purpose: To discuss the financial performance for the quarter and half year ended September 30, 2026.
  • Management Participants: Chief Executive Officer – Mr. Willie Walsh; Chief Financial Officer – Mr. Kiran Thadimarri; Head of Investor Relations – Ms. Richa Chhabra.
  • Availability of Materials: The transcript of the prepared remarks was to be uploaded by the end of the day (October 29, 2026). The transcript of the Q&A session was to be uploaded subsequently. The disclosure and transcript are also available on the company's website at www.goindigo.in.
  • Compliance Language: The discussion contained forward-looking statements, and the company undertook no obligation to update the information subsequently. No specific statement regarding UPSI was included in the provided transcript.

Financial Highlights & Guidance

Q2 FY27 Financial Performance:

  • Reported a net loss of ₹19 billion, compared to a loss of ₹26 billion in Q2 FY26.
  • Excluding MTM and hedging impact, the net loss was approximately ₹7 billion, compared to a net profit of ~₹1 billion in the prior year period.
  • Total income was ₹243 billion, a growth of 24% YoY.
  • Yield growth was over 34% YoY.
  • Load factor reduced by 2 percentage points YoY.
  • EBITDAR was ₹25 billion (11% margin), compared to ₹11 billion (6% margin) in Q2 FY26.
  • CASK ex-fuel ex-forex MTM was ₹3.45, approximately 15% higher YoY.
  • Fuel CASK increased by 69% YoY, driven by a 60% YoY increase in the Singapore jet fuel index and rupee depreciation.
  • Cargo revenue grew 37% YoY.
  • Ancillary revenue per passenger increased from ~₹525 to ~₹590.
  • Total cash stood at ₹527 billion, comprising free cash of ₹399 billion and restricted cash of ₹128 billion.
  • The closing fleet size was 442 aircraft after inducting 22 and redelivering 12 (10 owned + 2 damp-leased) during the quarter.

Outlook & Guidance:

  • Q3 FY27: Capacity (ASK) expected to grow in the early single digits YoY. PRASK expected to grow by more than 25% YoY.
  • Full Year FY27: Capacity expected to grow in the early single digits. CASK ex-fuel ex-forex MTM expected to increase in the high single digits to early double digits range.
  • Long-term (FY30): The long-term target of 300 billion ASKMs by FY30 was reaffirmed.

Strategic & Operational Updates:

  • The wide-body damp-lease operation (with Norse Atlantic) was concluded effective November 1, 2026, cited as an economically prudent decision due to high fuel costs and geopolitical issues. This is expected to be accretive to spreads (RASK - CASK).
  • The company is focused on long-term growth, including international expansion. Dar es Salaam was announced as a new international destination from Mumbai starting November 2026.
  • The BluChip loyalty program is approaching 20 million members.
  • The company remains committed to its Airbus orderbook and expects A350 deliveries to start in 2028.

Additional Notes Section

  • The document provided is the transcript of the earnings call, enclosed with the regulatory filing.
  • The transcript contains detailed financial data and management commentary from the call.
  • The filing was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.