IndiGo posts Rs 1,194 cr loss for September quarter
Budget carrier IndiGo on Thursday reported a net loss of Rs 1,194 crore for the second quarter ended September 30.
It had posted a net loss of Rs 1,062 crore in the September quarter of the previous financial year. In the April-June period this year, the airline had incurred a net loss of Rs 2,884 crore.
The airline’s total income stood at Rs 3,029 crore in the second quarter of 2020-21, a decrease of 64.5 per cent over the year-ago period, it said in a statement.
Its total expenses in the September 2020 quarter were Rs 4,224 crore, which is 55.9 per cent lower than the year-ago period.
IndiGo Chief Executive Officer Ronojoy Dutta said, “We are slowly but surely stair-stepping our way back to normal capacity. While we are much focused on managing the crisis of the present, we are also reimagining the promise of the future.”
