New Delhi, July 24 -- Shares of InterGlobe Aviation, the parent company of India's largest airline IndiGo, extended their losing streak for a third straight session on Friday, July 24, falling another 3% to an intraday low of Rs.4,886 after the company's weaker-than-expected June quarter performance disappointed the Street.

The airline on Thursday, after market hours, reported a consolidated net loss of Rs.238 crore for the June quarter, marking its second consecutive quarterly loss, following a loss of Rs.2,537 crore in the preceding March quarter.

Profitability during the quarter was primarily impacted by a sharp surge in fuel costs and elevated supplementary lease expenses. Aircraft fuel expenses doubled year-on-year to Rs.10,833 cro...