-
IndiGo reports Q1 loss at Rs 2,844 crore, revenue dips 92% YoY to Rs 768 cr
InterGlobe Aviation-owned IndiGo airline on Wednesday noted a standalone internet loss of Rs two,844.3 crore for the June quarter of FY21 (Q1FY21), in comparison to a revenue of Rs one,203 crore clocked in the preceding-year quarter. On a quarterly basis, the loss widened 226.5 per cent from a internet loss of Rs 871 crore incurred in the March quarter of FY20. “Closure of scheduled functions until May perhaps 24, 2020 and reduced potential deployment thereafter on account of Covid-19, noticeably impacted the quarterly outcomes. lndiGo experiences internet loss of Rs two,844.3 crore,” said the airline in a statement. The loss just before tax stood at Rs two,842.six crore for Q1FY21.…