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

As air travel demand was significantly hit by the pandemic, the carrier's consolidated total income slumped over 26 percent to Rs 6,361.8 crore in the fourth quarter of the current fiscal, according to a release. The total income was at Rs 8,634.6 crore in the 2020 March quarter.

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. As air travel demand was significantly hit by the pandemic, the carrier's consolidated total income slumped over 26 percent to Rs 6,361.8 crore in the fourth quarter of the current fiscal, according to a release. The total income was at Rs 8,634.6 crore in the 2020 March quarter.