With suspension of international air travel for two weeks, and domestic air travel for about 10 days due to the lockdown in the March quarter of FY20 (Q4FY20) on account of Covid-19 pandemic, analysts expect InterGlobe Aviation-run IndiGo to report net loss up to Rs 2,600 crore, compared to net profit of Rs 589.6 crore in Q4FY19. That apart, seasonal slowdown and pricing pressure during the period under review is also likely to dent performance, analysts say. The airline had reported profit of Rs 496 crore in the December quarter of FY20.
Rise in fuel and non-fuel costs due to depreciation of rupee by about 3 per cent during the quarter, slight decline in passenger load factor, but marginal expansion in fleet capacity are some other factors likely to impact earnings. The airline is slated to report its March quarter earnings on Tuesday, June 2.
