IndiGo Q4 net loss widens to Rs 1,147 crore due to COVID-19

IndiGo Q4 net loss widens to Rs 1,147 crore due to COVID-19 pandemic


Source:
Highlights
The airline, which had a fleet of 285 planes at the end of March 2021, had a net loss of Rs 870.8 crore in the year-ago period.
The total income was at Rs 8,634.6 crore in the 2020 March quarter.
Total income fell 58 percent to Rs 15,677.6 crore in the last financial year.
InterGlobe Aviation, parent of the country's largest airline IndiGo, on Saturday reported a consolidated net loss of Rs 1,147.2 crore in the three months ended March, primarily due to a sharp decline in revenues amid the coronavirus pandemic.
The airline, which had a fleet of 285 planes at the end of March 2021, had a net loss of Rs 870.8 crore in the year-ago period.

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