January-March quarterly profit to be hit by coronavirus outbreak: Indigo

India’s biggest airline IndiGo expects its Jan-March earnings to be materially impacted due to a sharp decline in daily bookings because of the outbreak of coronavirus, the company said in a statement on Wednesday.

The company said in the months of January and February the impact due to the coronavirus outbreak was modest, but in recent days its has seen daily bookings come down by 15%-20% on a week-on-week basis.

“We expect our quarterly earnings to be materially impacted,” the statement said.

Indigo, owned by Interglobe Aviation Ltd, cancelled its flights to China and Hong Kong, and also reduced the frequency to some South East Asian countries, it said.