Q2 saw normalisation of growth in IndiGo; expect lower double-digit growth in Q3: Pieter Elbers

economictimes.indiatimes.com:

Pieter Elbers, CEO, IndiGo, says the growth is pretty much what was expected and follows the usual seasonal trends. After the big jump after COVID, things are settling back into a more typical seasonal rhythm, similar to what we experienced in the Indian market before COVID, but with a lot more travelers, which is great for revenue. On the cost side, IndiGo faced a peak in AOGs due to global supply chain problems and some engine issues we've encountered, which has resulted in extra costs.

IndiGo has been consistently beating market estimates. But for the quarter gone by, the story seems to be different. There is a drop in margin. This is one of the slowest quarterly growth you have reported in 12 quarters. What has led to this decline? Was it traffic? Was it an issue with aircraft? Could you just share more light on that?
Pieter Elbers: Let me take a step back and see how India has basically recovered in terms of traffic post COVID.

Maybe we have gotten used to 20% growth. But what we see in this quarter is a bit of a normalisation of certain growth trends. We all know that the second quarter is traditionally a somewhat weaker quarter and that is also how the capacity growth was foreseen, so the numbers which have come out are pretty much in line with the expectations which we had.