IndiGo Q4 results: Firm posts quarterly loss of Rs 873 crore as costs rise, pandemic hits

The airline posted a loss of Rs 873 crore for the quarter compared to a net profit of Rs 590 crore in the corresponding quarter last year.

India’s biggest carrier IndiGo plunged to a loss for the Jan-Mar quarter from a profit a year earlier on a weak operating performance.

The weak performance came partly out of a fall in demand in March because of the Coronavirus pandemic. The government suspended all airline operations from March 24.

Revenue grew to Rs 8,635 crore from Rs 8,260 crore a year earlier.

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