{"id":297936,"date":"2019-10-25T12:09:07","date_gmt":"2019-10-25T06:39:07","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297936"},"modified":"2019-10-25T12:09:07","modified_gmt":"2019-10-25T06:39:07","slug":"indigo-parent-posts-rs-1062-crore-loss-on-higher-expenses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-parent-posts-rs-1062-crore-loss-on-higher-expenses\/","title":{"rendered":"IndiGo parent posts Rs 1,062-crore loss on higher expenses"},"content":{"rendered":"<p>Interglobe Aviation, which runs low-cost airline IndiGo, on Thursday reported higher-than-expected losses of `1,062 crore in the July-September period due to higher expenses.Analysts tracked by Bloomberg had estimated a `75-crore loss at the budget carrier in Q2FY20.<br \/>\nThe current losses were up 63% year-on-year, compared to a Rs 651-crore loss in Q2FY19, when the airline was impacted by high fuel costs, rupee depreciation and intense competition leading to low fares.<\/p>\n<p>Total expenses went up 27.6% y-o-y to Rs 9,571 crore during Q2FY20, with a weaker rupee increasing the lease liabilities and re-assessment of future maintenance costs in a seasonally weak quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interglobe Aviation, which runs low-cost airline IndiGo, on Thursday reported higher-than-expected losses of `1,062 crore in the July-September period due to higher expenses.Analysts tracked by Bloomberg had estimated a `75-crore loss at the budget carrier in Q2FY20. The current losses were up 63% year-on-year, compared to a Rs 651-crore loss in Q2FY19, when the airline was impacted by high fuel costs, rupee depreciation and intense competition leading to low fares. Total expenses went up 27.6% y-o-y to Rs 9,571 crore during Q2FY20, with a weaker rupee increasing the lease liabilities and re-assessment of future maintenance costs in a seasonally weak [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-297936","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297936","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297936"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297936\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}