IndiGo’s sequential Q3FY21 net loss narrows to Rs 620 cr

Airline major IndiGo’s net loss narrowed during the third quarter of FY21 on a sequential basis.

Accordingly, InterGlobe Aviation, which runs the airline, reported a quarterly net loss of Rs 620.1 crore from a net loss of Rs 1,194.8 crore posted during the second quarter of 2020-21.

The airline had reported a net profit of Rs 496 crore during the Q3FY20.

Besides, the company said the capacity for the quarter was down by 40.8 per cent compared to the same period last year.

The ‘Revenue from Operations’ declined by 50.6 per cent to Rs 4,910 crore for the quarter compared to the same period last year.