IndiGo Q1 loss narrows to Rs 1,064 crore

InterGlobe Aviation, which operates low-cost carrier IndiGo, on Wednesday reported a consolidated net loss of Rs 1,064.26 crore for the three months to June, owing to headwinds caused by the depreciating rupee and higher fuel prices. However, the company was successful in narrowing down its loss from Rs 3,174.18 crore witnessed in the year-ago quarter.