{"id":298432,"date":"2019-10-30T10:15:13","date_gmt":"2019-10-30T04:45:13","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298432"},"modified":"2019-10-30T10:22:36","modified_gmt":"2019-10-30T04:52:36","slug":"indigo-seeks-staff-support-amid-biggest-quarterly-loss-of-rs-1062-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-seeks-staff-support-amid-biggest-quarterly-loss-of-rs-1062-crore\/","title":{"rendered":"IndiGo seeks staff support amid biggest quarterly loss of Rs 1,062 crore"},"content":{"rendered":"<p>Budget carrier IndiGo on Tuesday sought the &#8220;support&#8221; of its employees following its biggest quarterly loss in the September quarter, saying that it will have to deal with the &#8220;weakening&#8221; revenue environment going forward. <\/p>\n<p>Hit by higher costs related to the operating lease liabilities, IndiGo reported a net loss of Rs 1,062 crore in the September quarter as against a net loss of Rs 651.5 crore in the corresponding period a year ago. <\/p>\n<p>&#8220;We will be dealing with the weakening revenue environment with a sharper focus on cost for which we seek your support. Operationally, we should continue our focus on safety, our on-time performance and on delivering a courteous, hassle free service,&#8221; IndiGo chief executive officer Ronojoy Dutta said in a communication to employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget carrier IndiGo on Tuesday sought the &#8220;support&#8221; of its employees following its biggest quarterly loss in the September quarter, saying that it will have to deal with the &#8220;weakening&#8221; revenue environment going forward. Hit by higher costs related to the operating lease liabilities, IndiGo reported a net loss of Rs 1,062 crore in the September quarter as against a net loss of Rs 651.5 crore in the corresponding period a year ago. &#8220;We will be dealing with the weakening revenue environment with a sharper focus on cost for which we seek your support. Operationally, we should continue our focus [&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-298432","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\/298432","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=298432"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298432\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}