IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil

Flyers are back, fares are holding strong, and corporates are again travelling for business trips — India’s largest airline IndiGo’s management showed signs of strong optimism even though the company posted a loss of Rs 1,435.70 crore in the September quarter, primarily hit by rising crude oil.

While the losses were up 20 per cent against Rs 1,194.80 crore in the year-ago quarter, the airline has managed to reign in the cash burn. It said passengers were willing to pay more leading to a strong growth in yield. However, a return to profitability may not be in near term as high fuel prices overshadowing the strong demand pose a threat to a recovery in the pandemic-battered aviation industry.