IndiGo Q3 loss narrows as travel demand picks up
NEW DELHI: InterglobE Aviation, the operator of IndiGo, on Thursday has reported a loss of Rs 620 crore for the quarter ended December 2020. While the Q3 earnings are much better than the previous quarters, the airline is far from returning to profitability.
The airline reported a profit of Rs 496 crore in the same period last year. In the June and September quarter this fiscal, when restrictions on air travel were more severe, the airline had incurred a net loss of Rs 2,884 crore and Rs 1,194 crore, respectively.
