IndiGo reported a net loss of INR 15830 million in the second quarter of the fiscal year 2022-23. The airline had reported a loss of INR 14350 million a year ago. However, revenues of the company rose to Rs 128520 million in the second quarter of the current fiscal, from Rs 57980 million a year ago. IndiGo CEO Pieter Elbers said: “September quarter was the second consecutive quarter wherein it operated at higher than pre-Covid capacity. Despite a seasonally weak quarter, we witnessed relatively good yields with strong demand across the network. However, fuel prices and exchange rates have adversely
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.