IndiGo sees 15-20% decline in booking due to Covid-19 outbreak
NEW DELHI : InterGlobe Aviation Ltd, which operates country’s largest domestic airline, on Wednesday said that the airline has seen a 15-20% decline in bookings during the last few weeks, due to the outbreak of Covid-19, the airline said in a statement.
The airline further said that it expects its quarterly earnings to be materially impacted because of Covid-19 outbreak
“In addition, the rupee has also depreciated sharply which will have an adverse impact on our dollar denominated liabilities primarily on account of capitalized operating leases,” the airline added.
