IndiGo Q4 loss balloons to Rs 1,682 crore due to Omicron, costlier fuel & weaker rupee
NEW DELHI: IndiGo’s loss for the January-March 2022, quarter ballooned to Rs 1,681.8 crore, up 47% from a loss of Rs 1,147.2 crore, due to a mix of factors like the Omicron wave, costlier jet fuel and weaker rupee.
While total income rose 29% to Rs 8,207.5 crore in Q4 from Rs 6,361.8 in same period last year, fuel cost in this period rose 68% from Rs 1,914.5 crore last Q4 to Rs 3,220.6 crore this Q4.
The airline’s scrip closed at Rs 1,645.05, down 2.2% on the BSE on Wednesday, when the broader market closed 0.6% lower.
IndiGo’s FY 2022 net loss of Rs 6,161.8 crore is 6% higher than last fiscal’s loss of Rs 5,806.4 crore.
