InterGlobe Aviation Q1 FY25 results (Apr–Jun 2024) and concall

IndiGo delivered a solid 14% net margin in Q1 FY25 despite mid-70s AOG headwinds, fuel cost increases, and election-related demand moderation. The quarter was notable for finalizing the OEM compensation agreement, which resulted in a catch-up accrual boosting other operating income. Management signaled major product launches ahead including business class (IndiGoStretch) and loyalty program (BluChip) at the upcoming 18th anniversary celebration, while maintaining early double-digit capacity guidance for FY25.