Total Income: ₹243,119 million in Q2 FY27, up 24.0% from ₹195,995 million in Q2 FY26.
Revenue from Operations: ₹233,638 million, a 25.9% increase from ₹185,553 million.
Other Income: ₹9,481 million, a decrease of 9.2% from ₹10,442 million.
Total Expenses: ₹261,884 million, an increase of 18.6% from ₹220,812 million.
Profit Before Tax (PBT): Loss of ₹(18,765) million, a 24.4% improvement from a loss of ₹(24,817) million.
Profit After Tax (PAT): Loss of ₹(18,791) million, a 27.2% improvement from a loss of ₹(25,821) million.
PAT (ex-forex): Loss of ₹(7,237) million, compared to a profit of ₹1,039 million in the year-ago quarter.
Operational Metrics
ASK (Available Seat Kilometers): 40.8 billion, down 1.0% from 41.2 billion.
RPK (Revenue Passenger Kilometers): 32.8 billion, down 3.7% from 34.0 billion.
Load Factor: 80.3%, down 2.2 percentage points from 82.5%.
Yield: ₹6.30, up 34.3% from ₹4.69.
RASK (Revenue per ASK): ₹5.76, up 26.4% from ₹4.55.
CASK (Cost per ASK): ₹6.22, up 20.6% from ₹5.16.
CASK ex-fuel: ₹3.77, up 1.8% from ₹3.71.
Profitability Metrics
EBITDAR: ₹24,599 million, up 120.8% from ₹11,143 million.
EBITDAR Margin: 10.5%, up 4.5 percentage points from 6.0%.
EBITDAR (ex-forex): ₹36,153 million, down 4.9% from ₹38,003 million.
EBITDAR Margin (ex-forex): 15.5%, down 5.0 percentage points from 20.5%.
PBT Margin: (8.0%), improved from (13.4%).
PAT Margin: (8.0%), improved from (13.9%).
PAT Margin (ex-forex): (3.1%), down from 0.6%.
Detailed Cost Breakdown (INR million)
Aircraft Fuel Expenses: ₹99,668 million, up 67.2% from ₹59,618 million.
Foreign Exchange Loss (net): ₹13,332 million, an improvement (53.9% lower) from a loss of ₹28,921 million. This figure is net of a gain on forex hedging of ₹1,778 million (Q2 FY25: ₹2,061 million gain).
Employee Costs: ₹22,737 million, up 11.2% from ₹20,448 million.
Airport Fees and Charges: ₹16,582 million, up 9.4% from ₹15,155 million.
Finance Costs: ₹16,578 million, up 13.2% from ₹14,649 million.
Supplementary Rentals & Aircraft Repair/Maintenance (net): ₹35,809 million, up 9.7% from ₹32,630 million.
Depreciation and Amortization: ₹30,742 million, up 16.4% from ₹26,405 million.
Other Expenses: ₹20,702 million, up 10.9% from ₹18,659 million.
Aircraft and Engine Rentals (net): ₹4,264 million, up 33.3% from ₹3,200 million.
Consumption of Stock in Trade: ₹1,470 million, up 30.4% from ₹1,127 million.
Total Expenses (excl. fuel & forex): ₹148,884 million, up 12.6% from ₹132,273 million.
Finance Income: ₹8,220 million, slightly down from ₹8,294 million.
Fleet Details (as of September 30, 2026)
Total Closing Fleet: 442 aircraft (Jun'26: 432; Sep'25: 417).
By Ownership:
Owned: 41 aircraft
Finance Lease: 66 aircraft
Operating Lease: 330 aircraft
Damp Lease: 5 aircraft
By Aircraft Type:
A320neo: 174 aircraft
A320ceo: 26 aircraft
A321neo: 186 aircraft
A321 XLR: 4 aircraft
ATR: 44 aircraft
A321 Freighter: 3 aircraft
B787: 5 aircraft
Other Financial Data
Average Exchange Rate (USD/INR): 95.09 for Q2 FY27, compared to 87.06 for Q2 FY26.
Closing Exchange Rate (USD/INR): 95.85 as of Sep'26, compared to 88.79 as of Sep'25.
