The closure of flight operations has affected the profitability of IndiGo, the Delhi-based low cost airline.
Indigo reported a net loss of Rs 870.8 crore for the quarter that ended on March 31 as against a net profit of Rs 595.8 crore previously.
It has reported a loss of Rs 233.7 crore for the entire fiscal 2020 as compared to a net loss of Rs 157.2 crore in the previous fiscal.
The airline board met on Tuesday to consider the fourth quarter and results for the entire year of 2020.
“In the midst of every crisis, lies great opportunity. At IndiGo we are determined to emerge from this crisis stronger and more energised than ever.
