IndiGo posts Rs 238 crore net loss in three months
India, July 24 -- IndiGo on Thursday reported a Rs 238 crore net loss for the three months ended June as higher fuel prices and the West Asia conflict resulted in turbulence for the country's largest airline.
The airline had a profit of Rs 2,176.3 crore in the year-ago period.
In the first quarter of the current fiscal, InterGlobe Aviation saw its total income rise to Rs 25,614.1 crore from Rs 21,542.6 crore a year ago.
However, overall expenses surged during the same period, according to a release.
"A combination of fuel price escalation, adverse foreign exchange movement and the Middle East conflict impacted profitability during the quarter, resulting in a net loss of Rs 2.4 billion," it said.
The carrier's net loss excluding forei...
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