Last Update: Nov 04, 2022, 17:52 IST
IndiGo’s total expenses rose to Rs 14,435.57 crore in the September 2022 quarter.
IndiGo’s revenue rose to Rs 12,852.29 crore in the second quarter of the current fiscal from Rs 5,798.73 crore a year ago.
InterGlobe Aviation, the parent of country’s largest airline IndiGo, on Friday reported a loss of Rs 1,583.34 crore for the September quarter, mainly due to higher expenses. The airline had posted a loss of Rs 1,435.66 crore in the same period a year ago.
However, the company’s revenue rose to Rs 12,852.29 crore in the second quarter of the current fiscal from Rs 5,798.73 crore in the same period a year ago. In the latest September quarter, total expenses rose to Rs 14,435.57 crore.
IndiGo CEO Peter Albers said the September quarter was the second consecutive quarter in which it worked on exceeding pre-Covid capacity.
“Despite the seasonally weak quarter, we saw relatively good yields with strong demand across the network. However, fuel prices and exchange rates have adversely affected our financial performance.
“We are on a steady path to recovery, benefiting from huge opportunities in both domestic and international markets. With the industry challenged by global supply chain disruptions, we are working on various counter measures to accommodate this strong demand,” he said.
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