{"id":341594,"date":"2020-03-12T11:30:48","date_gmt":"2020-03-12T06:00:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341594"},"modified":"2020-03-12T11:30:48","modified_gmt":"2020-03-12T06:00:48","slug":"indigos-quarterly-earnings-to-be-materially-impacted-by-covid-19","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-quarterly-earnings-to-be-materially-impacted-by-covid-19\/","title":{"rendered":"IndiGo\u2019s quarterly earnings to be \u2018materially impacted\u2019 by COVID-19"},"content":{"rendered":"<p>India\u2019s largest airline by market share, IndiGo, on Wednesday said it expected its quarterly earnings to be \u201cmaterially impacted\u201d because of the outbreak of the novel coronavirus (COVID-19). The airline said that it has seen a 15-20% week-on-week decline in its daily bookings over the past few days as a result of the outbreak. \u201cPlease note that the numbers could change from here based on how the situation evolves,\u201d IndiGo said. Additionally, the depreciating rupee will also have an impact on its foreign exchange liabilities.<\/p>\n<p>Over the past two months, IndiGo has cancelled flights to China and Hong Kong, and reduced frequency to certain destinations in Southeast Asia since the outbreak. However, that capacity was re-deployed in other markets earlier and did not materially impact their revenues, the company said. The low-cost carrier posted a 168% annual rise in net profit during the December quarter, driven by capacity and margin expansion in its international markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s largest airline by market share, IndiGo, on Wednesday said it expected its quarterly earnings to be \u201cmaterially impacted\u201d because of the outbreak of the novel coronavirus (COVID-19). The airline said that it has seen a 15-20% week-on-week decline in its daily bookings over the past few days as a result of the outbreak. \u201cPlease note that the numbers could change from here based on how the situation evolves,\u201d IndiGo said. Additionally, the depreciating rupee will also have an impact on its foreign exchange liabilities. Over the past two months, IndiGo has cancelled flights to China and Hong Kong, and [&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-341594","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\/341594","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=341594"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341594\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}