{"id":297877,"date":"2019-10-25T10:28:59","date_gmt":"2019-10-25T04:58:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297877"},"modified":"2019-10-25T10:31:00","modified_gmt":"2019-10-25T05:01:00","slug":"indigo-flies-deep-into-red-with-rs-1031-cr-pre-tax-loss-in-sept-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-flies-deep-into-red-with-rs-1031-cr-pre-tax-loss-in-sept-quarter\/","title":{"rendered":"IndiGo flies deep into red with Rs 1,031 cr pre-tax loss in Sept quarter"},"content":{"rendered":"<p>InterGlobe Aviation, which runs the country\u2019s largest domestic airline IndiGo, swung to a pre-tax loss of Rs 1,031 crore in second quarter FY20 owing to a mark-to-market charge and provision for aircraft maintenance expenses. In the same period last year, the airline had posted a pre-tax loss of Rs 987 crore. <\/p>\n<p>While the airline reported 31 per cent year-on-year (YoY) increase in revenue from operations to Rs 8,105 crore, result was impacted due to mark-to-market foreign exchange loss of Rs 425 crore on capitalisation of aircraft leases and maintenance provision of Rs 319 crore. On a net basis, the loss stood at Rs 1,062 crore in the second quarter of FY20 compared to Rs 652 crore loss in the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, which runs the country\u2019s largest domestic airline IndiGo, swung to a pre-tax loss of Rs 1,031 crore in second quarter FY20 owing to a mark-to-market charge and provision for aircraft maintenance expenses. In the same period last year, the airline had posted a pre-tax loss of Rs 987 crore. While the airline reported 31 per cent year-on-year (YoY) increase in revenue from operations to Rs 8,105 crore, result was impacted due to mark-to-market foreign exchange loss of Rs 425 crore on capitalisation of aircraft leases and maintenance provision of Rs 319 crore. On a net basis, the loss [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-297877","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297877"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297877\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}