NEW DELHI: InterGlobe Aviation Ltd, which operates India’s largest airline IndiGo, reported a consolidated net loss of ₹871 crore for January-March, compared with a ₹596 crore profit in the year-ago quarter, because of a surge in cost amid tepid revenue growth.
The company’s consolidated income rose 4.5% year-on-year to ₹8,635 crore for the March quarter, while costs soared by nearly a third to ₹9,924 crore.
This was reflected in the company’s 0.5% growth in revenue per available seat kilometre at ₹3.65 while cost metrics were up 26% at ₹4.21 per available seat kilometre. The airline’s yield rose 1% at ₹3.74 per kilometre.
