{"id":298033,"date":"2019-10-26T10:42:24","date_gmt":"2019-10-26T05:12:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298033"},"modified":"2019-10-26T10:54:12","modified_gmt":"2019-10-26T05:24:12","slug":"indigo-dips-8-on-biggest-quarterly-loss-in-q2-brokerages-cut-target-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-dips-8-on-biggest-quarterly-loss-in-q2-brokerages-cut-target-price\/","title":{"rendered":"IndiGo dips 8% on biggest quarterly loss in Q2; brokerages cut target price"},"content":{"rendered":"<p>InterGlobe Aviation-run IndiGo airlines nosedived 8 per cent to Rs 1527.85 in intra-day deals on the BSE on Friday, after the airline reported its biggest quarterly loss of Rs 1,062 crore in the September quarter of financial year 2019-20 (Q2FY20). Moreover, it cut its capacity expansion targets for 2019-20 by 5 percentage points. <\/p>\n<p>The country&#8217;s biggest airline by market share reported a surprise loss on the back of higher maintenance costs and mark-to-market losses. The company had a loss of Rs 651.5 crore in the same period a year ago. <\/p>\n<p>&#8220;In a historically weak quarter, we registered a negative profit before tax margin of 12. 7 per cent compared to 16 per cent margin loss registered in the same quarter last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation-run IndiGo airlines nosedived 8 per cent to Rs 1527.85 in intra-day deals on the BSE on Friday, after the airline reported its biggest quarterly loss of Rs 1,062 crore in the September quarter of financial year 2019-20 (Q2FY20). Moreover, it cut its capacity expansion targets for 2019-20 by 5 percentage points. The country&#8217;s biggest airline by market share reported a surprise loss on the back of higher maintenance costs and mark-to-market losses. The company had a loss of Rs 651.5 crore in the same period a year ago. &#8220;In a historically weak quarter, we registered a negative profit [&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-298033","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\/298033","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=298033"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298033\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}