As InterGlobe Avition-owned IndiGo burns its pocket with lease and rental payments for over 260 aircraft fleet amid calibrated operations, thanks to suspended air travelling amid Covid-19 outbreak, analysts would watch out the budget carrier’s cash flows in the April-June quarter of FY21 (Q1FY21) and further fund-raising plans. The airline is scheduled to report its Q1FY21 earnings on Wednesday, July 29.
During the corresponding quarter of the previous fiscal (Q1FY20), the Gurugram-based airline logged a net profit of Rs 1,203 crore, which turned into a net loss of Rs 871 crore by Q4FY20 amid Covid-19 outbreak. Besides, the airline’s EBITDAR (earnings before interest, taxes, depreciation, amortisation and restructuring or rent costs) was Rs 2,778.5 crore in the previous year quarter. It, however, dropped to Rs 86.7 crore in Q4FY20.
