IndiGo Q2 net loss narrows to Rs 1,195 crore QoQ, revenue jumps 257%

InterGlobe Aviation-run IndiGo airline on Thursday reported a standalone net loss of Rs 1,194.8 crore for July-September quarter of FY21 (Q2FY21) as revenue picked up. The airline had reported a record loss of Rs 2,840 crore during the June quarter of FY21 amid suspension of air travel owing to Covid-19 pandemic. In the year-ago quarter, the loss stood at Rs 1,060 crore.

“We are pleased that we are slowly but surely stair-stepping our way back to normal capacity. While we are very much focused on managing the crisis of the present, we are also reimagining the promise of the future. Once we are back at I 00 percent capacity, we will have lower unit costs, a stronger product, a more efficient fleet and a robust network. We are impatient for the arrival of the future,” Ronojoy Dutta, CEO, said in a statement.