IndiGo may report Rs 2,670 crore loss for June quarter, SpiceJet losses likely to be at Rs 1,000 crore: Report

Mumbai: Budget carrier IndiGoNSE -1.03 % is expected to report a loss of Rs 2,670 crore for the June 2020 quarter, while its rival SpiceJetNSE -1.18 %’s losses during the quarter are likely to be at around Rs 1,000 crore, owing to operational disruptions and low fixed cost coverage, a report said on Wednesday.

Regular operations of the domestic airlines remained shut between March 25 and May 24 on account of a nationwide lockdown to curb the spread of the coronavirus pandemic. The government allowed partial (one-third capacity) resumption of domestic commercial passenger flight services from May 25. The international operations, which were suspended from March 22, will however, remain grounded till at least July 31.