IndiGo reports Rs 1,879 crore loss in Q2 as higher fuel costs, weak rupee hit earnings
New Delhi, Oct. 29 -- InterGlobe Aviation, the parent company of IndiGo, on Thursday reported a consolidated net loss of Rs 1,879.1 crore for the July-September quarter of FY27, as higher aviation fuel costs and rupee depreciation weighed on profitability despite strong revenue growth.
The airline had reported a net loss of Rs 2,582.1 crore in the corresponding quarter of the previous financial year.
According to the company's financial results, revenue from operations increased 25.9 per cent year-on-year to Rs 23,363.8 crore, compared with Rs 18,555.3 crore in the same quarter last year.
"Exceptionally high fuel costs and rupee depreciation, however, weighed on profitability, resulting in a net loss of INR 19 billion," IndiGo said in ...
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