IndiGo, the country’s largest budget carrier, posted its seventh straight quarterly loss, impacted by the Covid-19 pandemic and a spike in the cost of aviation fuel .
InterGlobe Aviation Limited, the parent of IndiGo, reported a net loss of around
Rs 1,436 crore in the quarter ended September, which was 20 per cent higher than the net loss in the corresponding period of the last fiscal.
The airline’s scrip closed 0.6 per cent lower at Rs 1,996.8 on the Bombay Stock Exchange. IndiGo had last reported profit in October-December 2019 at Rs 496 crore.
The losses, however, were much lower than the Rs 3,174.2 crore loss reported in the first quarter of the fiscal.
