IndiGo parent Interglobe posts quarterly loss as costs rise, pandemic hits
Interglobe Aviation Ltd, which runs India’s largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.
By : migrator
Update: 2020-06-02 11:08 GMT
Bengaluru
The company reported a net loss of 8.73 billion Indian rupees ($116.19 million) for the fourth quarter ended March 31, compared to a profit of 5.90 billion rupees a year earlier.
Revenue from operations rose 5.3% to 82.99 billion rupees.
($1 = 75.1355 Indian rupees)
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