IndiGo posts biggest quarterly loss in 5 years at Rs 2,844 cr; revenue dips 92%

IndiGo posts biggest quarterly loss in 5 years at Rs 2,844 cr; revenue dips 92%
Published Date : 29-Jul-2020 8:05:43 IST
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InterGlobe Aviation, which operates IndiGo, has reported a net loss of ₹2,844 crore in the April-June quarter compared to a net profit of ₹1,203 crore in the year-ago period. This was its biggest quarterly loss in five years. The revenue from operations fell by 92% from the previous year to ₹766.7 crore during the first quarter amid the coronavirus lockdown.

IndiGo posts biggest quarterly loss in 5 years at Rs 2,844 cr; revenue dips 92% Published Date : 29-Jul-2020 8:05:43 IST 2,698