IndiGo parent Interglobe posts quarterly loss as costs rise, pandemic hits

Interglobe Aviation Ltd, which runs India’s largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.

migrator

Updated:2nd Jun, 2020 at 4:38 PM

Bengaluru

The company reported a net loss of 8.73 billion Indian rupees ($116.19 million) for the fourth quarter ended March 31, compared to a profit of 5.90 billion rupees a year earlier.

Revenue from operations rose 5.3% to 82.99 billion rupees.

($1 = 75.1355 Indian rupees)

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

IndiGo parent Interglobe posts quarterly loss as costs rise, pandemic hits

Interglobe Aviation Ltd, which runs India’s largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.

Also Read

Google search for loot, GPay for travel: How Chennai police nabbed gang looting forex firms

Chennai gold price rises by Rs 2,080 on July 22, 2026; check today's gold, silver rate

Railways extends 3 per cent fare discount on Rail One app bookings till March 2027

Minister Aadhav Arjuna condemns police action on students protesting against NEET in Delhi

Assam flood situation remains critical, 5.65 lakh affected, 21 more die