{"id":365618,"date":"2020-07-30T12:29:37","date_gmt":"2020-07-30T06:59:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365618"},"modified":"2020-07-30T13:32:18","modified_gmt":"2020-07-30T08:02:18","slug":"indigo-spicejet-deep-in-the-red","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-spicejet-deep-in-the-red\/","title":{"rendered":"IndiGo, SpiceJet deep in the red"},"content":{"rendered":"<p>InterGlobe Aviation on Wednesday reported a net loss of Rs 2,844.3 crore for the June quarter \u2014 its sharpest quarterly loss in at least five years \u2014 as coronavirus-related restrictions hit its operations hard.<\/p>\n<p>The parent of the country\u2019s largest airline IndiGo had recorded a net profit of Rs 1,203.1 crore a year ago.<\/p>\n<p>IndiGo CEO Ronojoy Dutta said, \u201cThe aviation industry is going through a crisis of survival and, therefore, our cash balance remains our number one priority.\u201d<\/p>\n<p>The airline\u2019s total income declined 88 per cent to Rs 1,143.8 crore. In the year-ago period, income stood at Rs 9,786.9 crore.<\/p>\n<p>Revenue from operations declined 91.9 per cent to Rs 766.7 crore in the quarter under review compared with the same period a year ago. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation on Wednesday reported a net loss of Rs 2,844.3 crore for the June quarter \u2014 its sharpest quarterly loss in at least five years \u2014 as coronavirus-related restrictions hit its operations hard. The parent of the country\u2019s largest airline IndiGo had recorded a net profit of Rs 1,203.1 crore a year ago. IndiGo CEO Ronojoy Dutta said, \u201cThe aviation industry is going through a crisis of survival and, therefore, our cash balance remains our number one priority.\u201d The airline\u2019s total income declined 88 per cent to Rs 1,143.8 crore. In the year-ago period, income stood at Rs 9,786.9 [&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":[216,130,148],"tags":[],"class_list":["post-365618","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365618","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=365618"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365618\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}