{"id":511612,"date":"2022-08-04T10:55:22","date_gmt":"2022-08-04T05:25:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511612"},"modified":"2022-08-04T10:55:22","modified_gmt":"2022-08-04T05:25:22","slug":"indigo-cuts-losses-as-sales-soar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-cuts-losses-as-sales-soar\/","title":{"rendered":"IndiGo cuts losses as sales soar"},"content":{"rendered":"<p>IndiGo narrowed its quarterly net loss on year as air travel demand increased and offset soaring costs of fuel. India&#8217;s biggest airline by market share posted a net loss of \u20b91, 064 crore in the April-June quarter compared to a loss of \u20b93,174 crore a year earlier.<\/p>\n<p>Its outgoing CEO Rono Dutta said the airline will continue to be in the red in July-September. But he expects it to return to profit in October-December. IndiGo posted total revenue of \u20b912,855 crore, a 375% increase on year. Its number of passengers rose 222%. But fuel costs for the quarter doubled to \u20b95,990 crore. &#8220;Our revenue performance this quarter was impressive,&#8221; said Dutta.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndiGo narrowed its quarterly net loss on year as air travel demand increased and offset soaring costs of fuel. India&#8217;s biggest airline by market share posted a net loss of \u20b91, 064 crore in the April-June quarter compared to a loss of \u20b93,174 crore a year earlier. Its outgoing CEO Rono Dutta said the airline will continue to be in the red in July-September. But he expects it to return to profit in October-December. IndiGo posted total revenue of \u20b912,855 crore, a 375% increase on year. Its number of passengers rose 222%. But fuel costs for the quarter doubled to [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-511612","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511612","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=511612"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511612\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}