{"id":297908,"date":"2019-10-25T11:27:45","date_gmt":"2019-10-25T05:57:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297908"},"modified":"2019-10-25T11:27:45","modified_gmt":"2019-10-25T05:57:45","slug":"age-tells-maintenance-costs-mar-indigo-q2-results-stock-down-9","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/age-tells-maintenance-costs-mar-indigo-q2-results-stock-down-9\/","title":{"rendered":"Age tells; maintenance costs mar IndiGo Q2 results, stock down 9%"},"content":{"rendered":"<p>MUMBAI : InterGlobe Aviation Ltd\u2019s reported loss of over Rs1,000 crore for the seasonally weak September quarter was way larger than what investors expected. One reason for this massive loss was because the airline had to make a provision worth Rs320 crore towards maintenance on its older A320ceo aircrafts, resulting in a sharp spike in maintenance costs.<\/p>\n<p>InterGlobe runs the IndiGo airline, India\u2019s largest by market share. On the National Stock Exchange, shares of InterGlobe Aviation were down 9% at \u20b91,516 in early deals on Friday.<\/p>\n<p>While the surge in maintenance cost was an unpleasant surprise, it is not a one-quarter phenomena. Higher maintenance costs are here to stay. . \u201cThis cost should continue to be in similar range for the next couple of quarters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : InterGlobe Aviation Ltd\u2019s reported loss of over Rs1,000 crore for the seasonally weak September quarter was way larger than what investors expected. One reason for this massive loss was because the airline had to make a provision worth Rs320 crore towards maintenance on its older A320ceo aircrafts, resulting in a sharp spike in maintenance costs. InterGlobe runs the IndiGo airline, India\u2019s largest by market share. On the National Stock Exchange, shares of InterGlobe Aviation were down 9% at \u20b91,516 in early deals on Friday. While the surge in maintenance cost was an unpleasant surprise, it is not a [&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-297908","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\/297908","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=297908"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297908\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}