{"id":297900,"date":"2019-10-25T11:50:36","date_gmt":"2019-10-25T06:20:36","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297900"},"modified":"2019-10-25T11:50:36","modified_gmt":"2019-10-25T06:20:36","slug":"indigo-posts-net-loss-of-rs-1062-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-posts-net-loss-of-rs-1062-crore\/","title":{"rendered":"Indigo posts net loss of Rs 1,062 crore"},"content":{"rendered":"<p>Terming it as a historically weak quarter for Indigo, India&#8217;s Low-Cost Carrier posted a net loss of Rs 1,062 crore for the quarter ended September 2019. <\/p>\n<p>&#8220;While our revenue performance was much better during the quarter, the losses were accentuated by forex losses on operating lease liabilities created under IND AS 116 and re-assessment of accrual estimates for future maintenance cost,&#8221; Dutta added. <\/p>\n<p>In the said quarter, the company had to bare total expenses worth Rs 95,716 crore which lead to an increase of 27.6 per cent on a YoY basis. Cost per Available Seat Kilometers (CASK) excluding fuel increased by 17.2 per cent in comparison to the same time last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terming it as a historically weak quarter for Indigo, India&#8217;s Low-Cost Carrier posted a net loss of Rs 1,062 crore for the quarter ended September 2019. &#8220;While our revenue performance was much better during the quarter, the losses were accentuated by forex losses on operating lease liabilities created under IND AS 116 and re-assessment of accrual estimates for future maintenance cost,&#8221; Dutta added. In the said quarter, the company had to bare total expenses worth Rs 95,716 crore which lead to an increase of 27.6 per cent on a YoY basis. Cost per Available Seat Kilometers (CASK) excluding fuel increased [&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":[130],"tags":[],"class_list":["post-297900","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297900","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=297900"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297900\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}