{"id":397753,"date":"2021-01-29T10:39:35","date_gmt":"2021-01-29T05:09:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397753"},"modified":"2021-01-29T10:39:35","modified_gmt":"2021-01-29T05:09:35","slug":"indigos-cash-burn-dips-in-q3-but-skies-remain-hazy-and-yields-low","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-cash-burn-dips-in-q3-but-skies-remain-hazy-and-yields-low\/","title":{"rendered":"IndiGo\u2019s cash burn dips in Q3, but skies remain hazy and yields low"},"content":{"rendered":"<p>InterGlobe Aviation Ltd\u2019s December quarter results show that its post-pandemic recovery will be a slow and long-drawn-out process. Revenue from operations fell 50.6% to \u20b94,910 crore, on the back of a 50% decline in passenger volumes. InterGlobe runs India\u2019s largest airline, IndiGo.<\/p>\n<p>The company also reported a loss of \u20b9626 crore, which is higher than the \u20b9438 crore loss the Street was expecting, according to a Bloomberg poll.<\/p>\n<p>To be sure, there is a gradual improvement. The company said on a call with analysts that its daily cash burn dropped to \u20b915 crore in the December quarter, compared to \u20b925 crore in the September quarter and \u20b930 crore in the June quarter. However, given that the March quarter is a seasonally leaner one, one cannot take it for granted that this trend of improvement will sustain. Besides, crude oil prices are relatively stronger now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation Ltd\u2019s December quarter results show that its post-pandemic recovery will be a slow and long-drawn-out process. Revenue from operations fell 50.6% to \u20b94,910 crore, on the back of a 50% decline in passenger volumes. InterGlobe runs India\u2019s largest airline, IndiGo. The company also reported a loss of \u20b9626 crore, which is higher than the \u20b9438 crore loss the Street was expecting, according to a Bloomberg poll. To be sure, there is a gradual improvement. The company said on a call with analysts that its daily cash burn dropped to \u20b915 crore in the December quarter, compared to \u20b925 [&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":[188,139,130],"tags":[],"class_list":["post-397753","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397753","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=397753"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397753\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}