IndiGo guardian clocks highest-ever quarterly loss on 2nd wave hit

InterGlobe Aviation Ltd, which operates the nation’s largest home airline IndiGo, reported its sixth consecutive quarterly loss through the three-month interval ended June because of the affect of second wave of Covid.
The firm reported a consolidated web lack of Rs 3,174.20 crore for the June quarter, its highest quarterly loss ever, as towards Rs 2,844.3 crore loss reported throughout the identical quarter of the earlier 12 months. The airline’s whole income rose by 177 per cent through the June quarter to Rs 3,170.25 crore.
For the quarter, the airline’s passenger ticket revenues had been Rs 2297.6 crore, a rise of 292.5 per cent and ancillary revenues had been Rs 668.3 crore, a rise of 296.0 per cent in comparison with the identical interval final 12 months
Ronojoy Dutta, CEO at IndiGo, mentioned, “The number of passengers traveling declined sharply in the months of May and June. With the second Covid wave receding, we are seeing a measured recovery in bookings for July and August.”