{"id":534375,"date":"2022-11-05T09:31:15","date_gmt":"2022-11-05T04:01:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=534375"},"modified":"2022-11-05T09:54:29","modified_gmt":"2022-11-05T04:24:29","slug":"indigo-q2-loss-widens-by-10-due-to-rupee-depreciation-high-fuel-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-q2-loss-widens-by-10-due-to-rupee-depreciation-high-fuel-prices\/","title":{"rendered":"IndiGo Q2 loss widens by 10% due to rupee depreciation, high fuel prices"},"content":{"rendered":"<p>IndiGo\u2019s net loss widened by 10.28 per cent to Rs 1,583.2 crore in the second quarter of FY23 as against the corresponding period last year due to rupee depreciation and high fuel prices.<\/p>\n<p>\u201cWhile fuel and forex continue to pose headwinds, we are reasonably confident we will return to operational profitability in the third quarter,\u201d Gaurav Negi, chief financial officer, IndiGo, told investors in a conference call.<\/p>\n<p>About 40 per cent of an Indian airline\u2019s expenditure goes in purchasing fuel. Moreover, a significant part of expenditure is for aircraft lease rental payments in foreign exchange. Hence, high fuel prices and rupee depreciation affect an Indian carrier\u2019s profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndiGo\u2019s net loss widened by 10.28 per cent to Rs 1,583.2 crore in the second quarter of FY23 as against the corresponding period last year due to rupee depreciation and high fuel prices. \u201cWhile fuel and forex continue to pose headwinds, we are reasonably confident we will return to operational profitability in the third quarter,\u201d Gaurav Negi, chief financial officer, IndiGo, told investors in a conference call. About 40 per cent of an Indian airline\u2019s expenditure goes in purchasing fuel. Moreover, a significant part of expenditure is for aircraft lease rental payments in foreign exchange. Hence, high fuel prices and [&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-534375","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\/534375","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=534375"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/534375\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=534375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=534375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=534375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}