IndiGo’s Q2 loss widens on pricier fuel, rupee fall

New Delhi: IndiGo on Friday posted a loss of ₹1,585 crore for the quarter ended September, up 10% from loss of ₹1,440 crore a year earlier, due to a spike in jet fuel price and the rupee’s fall against the US dollar.

The country’s largest airline with around 58% domestic market share, however, said it expects an operationally profitable third and fourth quarter of the fiscal if fuel price and exchange rate remain in control.