New Delhi, Nov. 4 -- India's largest airline IndiGo is looking to fly more overseas routes that generate foreign currency, following a bleak quarter when forex losses widened its losses.

The airline's lease costs jumped over tenfold in the September quarter as the rupee fell against the dollar. Since lease payments are made in dollars, a 1.7% depreciation during the quarter caused a forex loss of Rs.2,892 crore during the period, IndoGo said, against a forex loss of around Rs.240.6 crore a year earlier

The company reported a Rs.2,582 crore net loss in the September quarter, against Rs.2,176 crore profit in the June quarter, and a loss of Rs.987 crore a year earlier.

Chief executive Pieter Elbers said that as a strategy, the airline was...