IndiGo reports record quarterly net loss of ₹2,844.3 crore in Q1 on account of covid-19
New Delhi: InterGlobe Aviation Limited, which operates the country’s largest airline, reported its largest quarterly loss during the three months that ended on 30 June, due to muted demand, amidst lockdown and travel restrictions, caused by the covid-19 pandemic.
The company reported a net loss of ₹2,844.3 crore for the June quarter, after reporting a profit of ₹1203.14 crore during the same quarter of the previous year.
The airline’s total revenue fell by 88.3% during the March quarter to ₹1,143.82 crore.
