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IndiGo reports net loss of ₹986 crore in Q2FY25
The New Indian Express
|October 26, 2024
INTERGLOBE Aviation, which runs IndiGo airline, on Friday, reported a net loss of ₹986 crore for the quarter ending September following seven consecutive profitable quarters. The airline reported a net profit of ₹188 crore in the same period last year and ₹2,728 crore in the first quarter of FY25.
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The airline's CEO Pieter Elbers attributed the loss to challenges from aircraft groundings and high fuel costs, coupled with typically low demand during this quarter. "In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing," said Elbers.
Diese Geschichte stammt aus der October 26, 2024-Ausgabe von The New Indian Express.
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