IndiGo reports Rs 1,681 crore net loss in Q4 of 2021-22

IndiGo on Wednesday reported a net loss of Rs 1,681 crore in the quarter ending March due to the Omicron wave, high fuel costs and a weakening rupee.

This year’s Q4 loss was 46.6 per cent more than the loss incurred by the airline in the corresponding period a year ago, the airline’s statement mentioned.

India’s largest airline’s total net loss of 2021-22 was Rs 6,161 crore as compared to Rs 5,806 crore net loss that it incurred in 2020-21, it mentioned.

The total income of India’s largest airline in Q4 of 2021-22 was Rs 8,020 crore, which was 28.9 per cent more than the corresponding period a year ago, the carrier’s statement noted.