IndiGo reports Rs 620 cr loss in Q3, revenue drops 51% YoY t

IndiGo reports Rs 620 cr loss in Q3, revenue drops 51% YoY to Rs 4,910 cr


InterGlobe Aviation-run IndiGo airline on Thursday reported a consolidated net loss of Rs 620.1 crore for the October-December quarter of FY21 (Q3FY21), as against a net profit of Rs 490.5 crore in the year-ago period. The airline, however, narrowed its loss from Rs 1,194.8 crore incurred in the September quarter of FY21.
"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 a full recovery. We look forward to a gradual opening up of international scheduled flights during the next few months because increased capacity and aircraft utilization are so very critical for our return to profitability,” said Ronojoy Dutta, chief executive officer of the airline.

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