IndiGo Achieves Record Quarterly Revenue of INR 171.6 Billion ($2B) Amidst Landmark Aircraft Order

IndiGo, the renowned airline established on August 4, 2006, has marked a remarkable quarter in Q1 FY2023/2024. The airline’s exceptional performance led to a record-breaking revenue of INR 171.6 billion ($2 billion) and a net profit of INR 30.8 billion ($373.8 million). Pieter Elbers, the CEO of IndiGo, attributed these achievements to strong operational prowess and the highest number of quarterly passengers.

An important milestone coincided with these financial triumphs as IndiGo shattered its previous record for the largest-ever aircraft order. The Paris Air Show 2023 witnessed a monumental move by the airline, placing an order for 500 aircraft from Airbus. This milestone expanded IndiGo’s order book to an impressive total of around 1,000 aircraft, emphasizing their strategic growth trajectory.

Elbers expressed sincere gratitude to loyal customers and the dedicated 6E team for their integral role in achieving the airline’s growth strategy. With a fleet of 316 aircraft, including Airbus A320neo, A320ceo, A321neo, A321P2F, ATR 72-600, and Boeing 777-300ER, IndiGo maintains its commitment to operational excellence.

Despite its achievements, IndiGo faced challenges related to its Airbus A320neo fleet, powered by the Pratt & Whitney PW1100G engine. The airline’s 45 A320neo and A321neo aircraft underwent maintenance or storage due to a shortage of spare engines. IndiGo’s collaboration with Pratt & Whitney’s parent company, RTX, aims to mitigate potential disruptions, following the need for PW1100G engine inspections.

In the midst of both triumphs and challenges, IndiGo’s unwavering dedication to progress, innovation, and passenger satisfaction remains steadfast.