IndiGo Q2 results: Airline posts Rs 2,582 crore loss on forex hit; revenue up 9% YoY as cost pressures rise
IndiGo reported a significant Rs 2,582 crore net loss for the September quarter, a sharp reversal from its previous profit. Despite revenue growth and increased passenger traffic, foreign exchange fluctuations heavily impacted costs like aircraft leases and fuel. The airline’s CEO highlighted a focus on long-term capacity optimization during weaker seasons.🕒 1 min read
IndiGo reported a significant Rs 2,582 crore net loss for the September quarter, a sharp reversal from its previous profit. Despite revenue growth and increased passenger traffic, foreign exchange fluctuations heavily impacted costs like aircraft leases and fuel. The airline’s CEO highlighted a focus on long-term capacity optimization during weaker seasons.
Continue Reading
- USS George HW Bush Joins Ford, Lincoln: All About 3 US Carriers In Middle East
- Wealth outlook: India set for multi-trillion-dollar expansion; MoSL sees $12 trillion value boost ahead
- US labour market: After affordability concerns, America faces its next hurdle — a ‘stagnating’ job landscape
- Is Titanium Dioxide Safe? Skittles Pulls Ingredient After Health Warnings
- Opinion: Opinion | India, Taliban And Pakistan: An Uneasy Geostrategic Dance
- Maharashtra Makes Permits Mandatory For Electric Rickshaw, E-Bikes
- IPL: Rajasthan Royals await BCCI nod on home games
-
Exclusive | “He Blinked”: Ex-Trump Ally John Bolton Calls Iran Deal A “Political Disaster”
-
Hemant Soren Steps In After Clearance Delay For Abhishek Banerjee’s Chopper
- Infosys Q1 results: IT giant posts net profit of Rs 6,921 crore, up 9% YoY; revenue from operations at Rs 42,279 crore
