{"id":365563,"date":"2020-07-30T12:03:05","date_gmt":"2020-07-30T06:33:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365563"},"modified":"2020-07-30T12:03:05","modified_gmt":"2020-07-30T06:33:05","slug":"indigo-reports-highest-loss-by-indian-airline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-reports-highest-loss-by-indian-airline\/","title":{"rendered":"IndiGo reports highest loss by Indian airline"},"content":{"rendered":"<p>NEW DELHI: IndiGo has reported a loss of Rs 2,844 crore in the April-June 2020 period \u2014 the highest-ever quarterly loss for an Indian airline, with no scheduled flights in 60% of Q1. In contrast, IndiGo had reported its highest-ever quarterly profit of Rs 1,203 crore in Q1 of the previous fiscal, mainly on account of higher fares following the collapse of Jet Airways.<br \/>\nThe low-cost carrier saw its operating revenue fall 92% to Rs 767 crore from Rs 9,420 crore with a similar reduction in capacity from the previous year. While operations came to a virtual standstill for almost two months, the fixed cost of 274 aircraft was to be borne, leading to a daily loss of Rs 31 crore in Q1.<br \/>\nIndiGo CEO Ronojoy Dutta described the Covid impact as \u201cthe aviation industry going through a crisis of survival\u201d. IndiGo still remains the best placed to survive with a \u201cstrong balance sheet with a total cash of Rs 18,450 crore\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: IndiGo has reported a loss of Rs 2,844 crore in the April-June 2020 period \u2014 the highest-ever quarterly loss for an Indian airline, with no scheduled flights in 60% of Q1. In contrast, IndiGo had reported its highest-ever quarterly profit of Rs 1,203 crore in Q1 of the previous fiscal, mainly on account of higher fares following the collapse of Jet Airways. The low-cost carrier saw its operating revenue fall 92% to Rs 767 crore from Rs 9,420 crore with a similar reduction in capacity from the previous year. While operations came to a virtual standstill for almost [&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-365563","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\/365563","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=365563"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365563\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}