{"id":355218,"date":"2020-06-03T11:22:32","date_gmt":"2020-06-03T05:52:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355218"},"modified":"2020-06-03T11:22:32","modified_gmt":"2020-06-03T05:52:32","slug":"indigo-parent-posts-quarterly-loss-as-costs-rise-flags-pandemic-hit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-parent-posts-quarterly-loss-as-costs-rise-flags-pandemic-hit\/","title":{"rendered":"IndiGo parent posts quarterly loss as costs rise, flags pandemic hit"},"content":{"rendered":"<p>The parent of India&#8217;s largest airline IndiGo reported a quarterly loss on Tuesday as expenses rose, and did not provide a forecast on capacity due to a hit to operations from the COVID-19 pandemic. <\/p>\n<p>Interglobe Aviation Ltd, which had been grappling with higher maintenance costs at the carrier amid slowing demand, was forced to halt all operations as India went into a lockdown in March to curb the spread of the coronavirus. <\/p>\n<p>Aircraft repair-and-maintenance expenses for the fourth quarter rose 75.6% to 16.81 billion rupees ($223.71 million), raising the company&#8217;s overall costs, excluding spending for fuel, higher by 45.6%. Cost per available seat kilometer, including fuel, rose 25.8% to 4.21 rupees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The parent of India&#8217;s largest airline IndiGo reported a quarterly loss on Tuesday as expenses rose, and did not provide a forecast on capacity due to a hit to operations from the COVID-19 pandemic. Interglobe Aviation Ltd, which had been grappling with higher maintenance costs at the carrier amid slowing demand, was forced to halt all operations as India went into a lockdown in March to curb the spread of the coronavirus. Aircraft repair-and-maintenance expenses for the fourth quarter rose 75.6% to 16.81 billion rupees ($223.71 million), raising the company&#8217;s overall costs, excluding spending for fuel, higher by 45.6%. Cost [&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":[176,146,130],"tags":[],"class_list":["post-355218","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355218","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=355218"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355218\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}