Interglobe Aviation Ltd

- No specific mention of current or immediate future fundraising through debt or equity in the provided text. - The company ended the June quarter with a capitalized operating lease liability of ₹468 billion, total debt of around ₹685 billion, free cash of ₹348 billion, and restricted cash of ₹146 billion, indicating strong liquidity. - There is no explicit statement on plans for raising fresh debt or equity capital. - IndiGo has launched a venture capital arm, IndiGo Ventures, with a first close of INR 450 crores, which is an equity investment in early-stage startups but unrelated to corporate fundraising. - The company is focusing on managing existing resources, optimizing capacity, and expanding operations with existing financial capabilities. - Management did not indicate plans to raise additional capital during the Q1 FY26 call or in the related discussion.

- IndiGo launched its venture capital arm, IndiGo Ventures, in August 2024 to invest in early-stage startups driving innovation in aviation and allied sectors. - The first close of IndiGo Ventures fund was at INR 450 crores. - IndiGo announced its debut investment in Jeh Aerospace, a Hyderabad-based aerospace and defense manufacturing startup. - Signed an MoU with Bengaluru International Airport Limited (BIAL) to develop state-of-the-art MRO (Maintenance, Repair, and Overhaul) capabilities. - The dedicated MRO facility aims to improve aircraft availability, cost efficiencies, and turnaround times, benefiting IndiGo and its customers. - Fleet investments include inducting 8 aircraft through their captive leasing unit in GIFT city during the quarter. - IndiGo is managing grounded aircraft and tendering damp leases as needed, keeping flexibility to add aircraft to meet demand.

- IndiGo expects stronger demand due to industry-wide capacity reductions, leading to higher load factors and better revenue opportunities. - The company anticipates mid-to-high single-digit capacity (ASK) growth in Q2 FY26, reflecting a strategic capacity alignment with demand. - Full-year FY26 guidance indicates flat unit costs ex-fuel and forex, supporting profitability despite inflationary pressures. - Continued international network expansion with new destinations and reciprocal codeshare partnerships is driving revenue growth. - Load factors remain robust (~85%), with IndiGo outperforming competitors domestically and internationally due to network strength and smart pricing. - The company foresees stabilization in yields from Q2 onward after Q1 moderation caused by external events. - Long-term growth is underpinned by expanding middle-class travel demand, increased international connections, and fleet enhancements such as A321XLR deliveries. - IndiGo plans continued double-digit capacity growth in the medium term, leveraging its cost leadership and operational efficiency.

- IndiGo anticipates stronger demand and load factors due to industry-wide capacity reductions, especially in Q3 and Q4 FY26. - Capacity growth is planned with early double-digit growth for the whole year, despite Q2 being a seasonally soft quarter with mid to high single-digit capacity addition. - Full-year FY26 guidance for cost (CASK excluding fuel and forex) is expected to be flat or in line with FY25, supporting stable operating margins. - Profitability in Q1 FY26 was solid with a net profit margin of 10.6%, though impacted by geopolitical headwinds, partially offset by favorable fuel prices. - Long-term growth remains intact, driven by network expansion and operational efficiency focused on cost leadership. - No specific EPS guidance was detailed, but confidence in sustained growth and profitability was emphasized, supported by strategic initiatives like IndiGo Ventures and MRO facility development.

- IndiGo expects the delivery of A321XLR aircraft within the current year, with no changes to this timeline. - The airline is planning to build its network further in calendar year 2026, linked to the A321XLR deliveries. - While no specific capacity guidance for FY27 has been provided yet, IndiGo has the capability to source alternative aircraft if needed. - Wide-body aircraft additions include 1 already present with 5 more expected in the current year, contributing to fleet expansion. - Damp leases on narrow bodies are being moderated and returned, reflecting fleet adjustments aligned with demand. - No explicit number of aircraft pending in the order book disclosed, but anticipation of new plane additions alongside accelerated reversals of AOGs was mentioned as factors supporting future capacity growth.