Weekly Recap: Q2 loss on fuel-cost surge and HSBC retains Buy rating

InterGlobe Aviation Ltd (NSE:INDIGO) posted a ₹1,879.1 crore Q2 FY27 loss as fuel costs rose 67.2% year over year to ₹9,966.8 crore, while revenue rose 26%. The airline is reviewing fuel hedging and plans to pass higher fuel costs on through fares.

Previous Week Recap

• Q2 Loss As Fuel Costs Surge: InterGlobe Aviation (INDIGO) posted a ₹1,879.1 crore Q2 FY27 loss as fuel costs surged 67.2% year over year to ₹9,966.8 crore. Revenue rose 26%; the airline cut capacity and 30 daily Saudi flights.
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• HSBC Maintains Buy Rating: HSBC kept its buy rating on InterGlobe Aviation (INDIGO) with a ₹5,752 target. Q2 EBITDA beat consensus by 25%, aided by stronger yields and lower fuel costs. Q3 PRASK growth is forecast above 25%.
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  CNBC TV18
• Navi Mumbai Transfers, A350 Arrival: InterGlobe Aviation plans phased transfers of select international flights to Navi Mumbai. It expects its first A350-900 in Q2 2028 and targets a fleet of 600 aircraft by 2030.
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• Embraer Regional Jet Talks: IndiGo is in early talks with Embraer for 100 regional jets, with an option for about 50 more. Model and order size remain undecided; any deliveries would likely start in 2030 or later.
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• Fuel Hedging Under Review: InterGlobe Aviation is reviewing fuel hedging as it prepares for long-haul services but remains unhedged, with no decision made. The airline plans to pass higher fuel costs on through fares.
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• SAF Mandate Raises Costs: India’s draft policy would require InterGlobe Aviation (INDIGO) to blend sustainable aviation fuel into international flights, rising from 1% in 2027 to 5% by 2030, potentially increasing fuel costs.
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  Mint
• Willie Walsh Urges Lower Fees: IndiGo CEO Willie Walsh urged lower airport fees and taxes, citing limits on airline growth. The carrier’s airport charges rose nearly 10% year over year to Rs. 1,660 crore in Q2 FY27.
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• Long-Haul Partnerships Under Exploration: IndiGo is exploring codeshares, joint ventures and revenue sharing to support long-haul growth and overseas access. CEO Willie Walsh announced no deal or potential partners.
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  Business Line
• A321 XLR Amsterdam Slot Retention: • InterGlobe Aviation Ltd (INDIGO) will continue A321 XLR flights to Amsterdam to retain its airport slots until its A350 fleet arrives.
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  Business Line
• Aircraft Maintenance Self-Reliance Goal: InterGlobe Aviation’s engineering chief said the airline aims to build self-reliance in aircraft maintenance as its fleet grows, while domestic MRO expansion eases operational complexity.
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  Business Line