IndiGo’s net loss brings into focus the plight of airlines

Market leader IndiGo’s wider quarterly loss and weak annual performance highlight the deep financial crisis facing the Indian aviation industry. The deadly second wave of the Covid-19 pandemic that halted a revival in the market is waning, but a possible third wave is another threat. But for rapid vaccination of the population and a weaker third wave, several in the aviation industry face an irreversible slump in fortunes.

Interglobe Aviation, which runs the airline IndiGo, said on Saturday that its