InterGlobe Aviation on Tuesday reported a net loss of Rs 870.8 crore in the three months ended March as higher expenses and the suspension of flights because of the coronavirus took their toll on operations. The parent of the country’s largest airline IndiGo had a profit after tax of Rs 595.8 crore a a year ago
“Closure of flight operations during national lockdown on account of Covid-19 significantly impacted revenue for the quarter,” the airline said in a regulatory filing.
The airline’s chief executive officer Ronojoy Dutta told analysts keeping middle seats empty as a rule was not possible as the practice can have huge ramifications on the cash flow.