{"id":297903,"date":"2019-10-25T11:15:26","date_gmt":"2019-10-25T05:45:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297903"},"modified":"2019-10-25T11:15:26","modified_gmt":"2019-10-25T05:45:26","slug":"indigo-reports-%e2%82%b91062-cr-loss-in-september-quarter-as-costs-rise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-reports-%e2%82%b91062-cr-loss-in-september-quarter-as-costs-rise\/","title":{"rendered":"IndiGo reports \u20b91,062 cr loss in September quarter as costs rise"},"content":{"rendered":"<p>NEW DELHI : InterGlobe Aviation Ltd, which runs India\u2019s largest budget airline IndiGo, plunged to a wider-than-expected quarterly loss with higher maintenance and overhaul costs outweighing the increase in passenger traffic.<\/p>\n<p>IndiGo posted a loss of \u20b9 1,062 crore in the September quarter (Q2) compared with a loss of \u20b9652 crore a year earlier.<\/p>\n<p>Total revenue increased 31% year-on-year to \u20b9 8,539.80 crore in Q2FY20, as it carried more passengers. The growth in traffic also led to a 9.4% rise in yield for the quarter.<\/p>\n<p>Earnings lagged market expectations. A Bloomberg poll of nine analysts forecast the airline to report a loss of \u20b976.70 crore in the September quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : InterGlobe Aviation Ltd, which runs India\u2019s largest budget airline IndiGo, plunged to a wider-than-expected quarterly loss with higher maintenance and overhaul costs outweighing the increase in passenger traffic. IndiGo posted a loss of \u20b9 1,062 crore in the September quarter (Q2) compared with a loss of \u20b9652 crore a year earlier. Total revenue increased 31% year-on-year to \u20b9 8,539.80 crore in Q2FY20, as it carried more passengers. The growth in traffic also led to a 9.4% rise in yield for the quarter. Earnings lagged market expectations. A Bloomberg poll of nine analysts forecast the airline to report [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-297903","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297903","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297903"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297903\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}