{"id":427751,"date":"2021-07-28T08:15:45","date_gmt":"2021-07-28T02:45:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427751"},"modified":"2021-07-28T08:20:50","modified_gmt":"2021-07-28T02:50:50","slug":"indigo-q1-net-loss-widens-to-rs-3174-crore-misses-street-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-q1-net-loss-widens-to-rs-3174-crore-misses-street-estimates\/","title":{"rendered":"IndiGo Q1 net loss widens to Rs 3,174 crore; misses Street estimates"},"content":{"rendered":"<p>InterGlobe Aviation-owned IndiGo airline\u2019s June quarter (Q1FY22) net loss widened at Rs 3,174.2 crore on Tuesday amid a triple whammy of muted air traffic, oil prices rise, and depreciation of the rupee depreciated. <\/p>\n<p>The airline had posted a net loss of Rs 1,160 crore in Q4FY21 and Rs 2,849.4 crore in the previous-year period. <\/p>\n<p>\u201cDuring the current quarter, the country was under a severe impact of second wave of Covid-19. As a result, all state Governments reintroduced measures including lockdown to curtail spread of the virus. This has led to a significant drop in air traffic thereby severely impacting our revenues and profitability for the quarter,\u201d the company said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation-owned IndiGo airline\u2019s June quarter (Q1FY22) net loss widened at Rs 3,174.2 crore on Tuesday amid a triple whammy of muted air traffic, oil prices rise, and depreciation of the rupee depreciated. The airline had posted a net loss of Rs 1,160 crore in Q4FY21 and Rs 2,849.4 crore in the previous-year period. \u201cDuring the current quarter, the country was under a severe impact of second wave of Covid-19. As a result, all state Governments reintroduced measures including lockdown to curtail spread of the virus. This has led to a significant drop in air traffic thereby severely impacting our [&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-427751","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\/427751","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=427751"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427751\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}