{"id":397694,"date":"2021-01-29T08:36:21","date_gmt":"2021-01-29T03:06:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397694"},"modified":"2021-01-29T08:54:16","modified_gmt":"2021-01-29T03:24:16","slug":"indigo-posts-rs-620-crore-loss-in-dec-quarter-plans-to-ramp-up-capacity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-posts-rs-620-crore-loss-in-dec-quarter-plans-to-ramp-up-capacity\/","title":{"rendered":"IndiGo posts Rs 620-crore loss in Dec quarter, plans to ramp up capacity"},"content":{"rendered":"<p>InterGlobe Aviation, which operates the country\u2019s largest domestic airline IndiGo, reported a net loss of Rs 620 crore in the third quarter of pandemic-struck 2020-21 financial year, against a net profit of Rs 496 crore in the year-ago period. <\/p>\n<p>This is the fourth consecutive quarterly loss for the airline. In the June and Septem\u00adber quarter, it had incurred a net loss of Rs 2,884 crore and Rs 1,194 crore, respectively. <\/p>\n<p>While revenue from operations improved sequentially to Rs 4,910 crore it was still 50 per cent lower on year-on-year (YoY) basis. <\/p>\n<p>The airline was able to control its costs better, reducing its cash burn to Rs 15 crore a day from Rs 30 crore in the first qu\u00adarter. It has decided to not pursue a qualified institutional plac\u00adement (QIP) offering and will fund its operations from internal accruals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, which operates the country\u2019s largest domestic airline IndiGo, reported a net loss of Rs 620 crore in the third quarter of pandemic-struck 2020-21 financial year, against a net profit of Rs 496 crore in the year-ago period. This is the fourth consecutive quarterly loss for the airline. In the June and Septem\u00adber quarter, it had incurred a net loss of Rs 2,884 crore and Rs 1,194 crore, respectively. While revenue from operations improved sequentially to Rs 4,910 crore it was still 50 per cent lower on year-on-year (YoY) basis. The airline was able to control its costs better, [&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":[135,167,130],"tags":[],"class_list":["post-397694","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397694","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=397694"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397694\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}