IndiGo reports net loss of Rs 3,174.17 crore in Q1, highest ever
India’s largest airline IndiGo posted its highest ever quarterly loss of Rs 3,174.17 crore loss during the April-June period as the second wave of the pandemic during April and May forced down the number of air passengers. IndiGo CEO Rono Dutta described the period as one of the most difficult periods in the company’s history but said that with the spread of the virus declining every day, there has been a return of passengers to aircraft and that the airline sees no reason to slow down capacity addition.
“I will have to say in an emphatic way that yes Covid is a big crisis, but it is a short term crisis and the longer term story is the India story remains strong.
