IndiGo reported a net loss of Rs 1,680 crore ($216.76 million) in the fourth quarter.
Bangalore:
InterGlobe Aviation Ltd, operator of India’s largest airline IndiGo, on Wednesday reported a huge loss for the fourth quarter as higher fuel costs more than offset a rebound in air travel demand.
The net loss stood at Rs 1,680 crore ($216.76 million) for the three months ended March 31, compared to a loss of Rs 1,159 crore a year ago, when a raging pandemic kept people at home.
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