IndiGo stories Q3 lack of Rs 620 crore as income drops to half

New Delhi: Budget provider IndiGo on Thursday reported a web lack of Rs 620 crore for the October to December quarter (Q3 FY21) as towards a web revenue of Rs 496 crore within the year-ago interval.
The pre-tax loss got here in at Rs 623 crore in contrast with Rs 557 crore in Q3 FY20.
The airline’s income got here in at Rs 4,910 crore, down 50.6 per cent from Rs 9,932 crore income reported within the earlier yr quarter.
Earnings earlier than curiosity, tax, depreciation, amortisation and hire (EBITDAR) stood at Rs 987 crore in Q3 FY21 as towards Rs 1,961 crore in Q3 FY20.
“The high level of consumer confidence in our product has indeed been heartening and we are glad to be making graduated and measured steps to full recovery,” mentioned Chief Executive Officer Ronojoy Dutta.
“We look forward to a gradual opening up of international scheduled flights during the next few months because increased capacity and aircraft utilisation are so very critical for our return to profitability,” he mentioned.

“We had promised to come out of the crisis stronger than we went in and with the full commitment of all our employees, we are beginning to deliver on that promise,” added Dutta.
As on December 31, 2020, lndiGo had a complete money stability of Rs 18,365 crore comprising Rs 7,444 crore of free money and Rs 10,921 crore of restricted money.
The firm added 5 plane in the course of the quarter. The airline has a fleet of 287 plane together with 111 A320 CEOs, 120 A320 NEOs, 30 A321 NEOs and 26 ATRs.