{"id":365551,"date":"2020-07-30T11:48:48","date_gmt":"2020-07-30T06:18:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365551"},"modified":"2020-07-30T11:48:48","modified_gmt":"2020-07-30T06:18:48","slug":"covid-19-impact-indigo-reports-net-loss-of-%e2%82%b92844-crore-passenger-revenue-dips-93-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-impact-indigo-reports-net-loss-of-%e2%82%b92844-crore-passenger-revenue-dips-93-in-q1\/","title":{"rendered":"COVID-19 impact: IndiGo reports net loss of \u20b92,844 crore, passenger revenue dips 93% in Q1"},"content":{"rendered":"<p>InterGlobe Aviation, the parent firm of IndiGo, on Wednesday reported a net loss of \u20b92,844.3 crore for the quarter ended on June 30. The coronavirus pandemic has severely affected the airlines industry across the globe. The budget carrier posted a profit of \u20b91,203 crore for the same quarter last year.<\/p>\n<p>The revenue from operations plunged 91.9% year-on-year to \u20b9766.7 crore during the June quarter.<\/p>\n<p>&#8220;The aviation industry is going through a crisis of survival and therefore, our cash balance remains our number one priority. However, we also recognize that major disruptions offer companies opportunities for improvement in product, customer preference, costs and employee engagement. We have built a strong team which is working on multiple fronts to ensure that we emerge from this crisis stronger than ever,&#8221; said Ranojoy Dutta, CEO of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, the parent firm of IndiGo, on Wednesday reported a net loss of \u20b92,844.3 crore for the quarter ended on June 30. The coronavirus pandemic has severely affected the airlines industry across the globe. The budget carrier posted a profit of \u20b91,203 crore for the same quarter last year. The revenue from operations plunged 91.9% year-on-year to \u20b9766.7 crore during the June quarter. &#8220;The aviation industry is going through a crisis of survival and therefore, our cash balance remains our number one priority. However, we also recognize that major disruptions offer companies opportunities for improvement in product, customer preference, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-365551","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365551","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365551"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365551\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}