IndiGo’s Q2 loss widens to Rs 1,585 cr
InterGlobe Aviation, the parent company of IndiGo, India’s largest carrier, on Friday saw its standalone net loss widen by 10% to Rs 1,585 crore for the three months ended September. The loss was worse than the Bloomberg estimate of Rs 1,284.5 crore.
An increase in fuel expenses due to a weaker rupee and a surge in employee costs eroded margins. However, the total revenue from operations for the quarter jumped 123% to Rs 12,479 crore following an 80% increase in passenger numbers to 19.7 million.
