IndiGo posts ₹620 crore net loss in Q3
Budget carrier IndiGo on Thursday reported a net loss of ₹620 crore for the third quarter ended December 2020.
It had posted a net profit of ₹496 crore in the same quarter of the previous fiscal.
In the June and September quarter this fiscal, the airline had incurred a net loss of ₹2,884 crore and ₹1,194 crore, respectively.
The airline’s total income declined 50% year-on-year to ₹5,142 crore in the third quarter, IndiGo said in a statement.
