NEW DELHI: InterGlobe Aviation, which runs India’s largest domestic airline IndiGo, on Tuesday reported its sixth consecutive quarterly loss during the three month ended June 30. IndiGo’s net losses surged 11.6% year-on-year to Rs 3,174.20 crore in Q1FY22, its highest ever for a single quarter.
IndiGo had reported Rs 2,844.3 crore loss in Q1FY21 even as flights were entirely suspended for two months from March 25 to May 24 to curb the spread of first Covid-19 wave. IndiGo’s performance in Q1FY22 signals the extent of damage second wave of Covid-19 infections had on India’s aviation industry when air traffic plummeted to new lows.
