IndiGo posts web lack of Rs2,844 crore

Mumbai, July 29

InterGlobe Aviation on Wednesday reported a web lack of Rs 2,844.three crore for the three months ended June as disruptions because of the coronavirus pandemic considerably impacted the airline.

The dad or mum of the nation’s largest airline IndiGo had a web revenue of Rs 1,203.1 crore within the year-ago interval.

In the primary quarter of the present monetary 12 months, the airline’s complete revenue declined 88% to Rs 1,143.eight crore. In the year-ago interval, the identical stood at Rs 9,786.9 crore, in line with a regulatory submitting.

Revenue from operations declined 91.9% to Rs 766.7 crore within the quarter below overview, in comparison with the identical interval a 12 months in the past.

SpiceJet logs Rs807-crore loss for March quarter

SpiceJet on Wednesday reported a web lack of Rs 807.1 crore for the fourth quarter ended March 2020, owing to the coronavirus-induced lockdown that led to journey restrictions.

It had posted a web revenue of Rs 56.three crore within the corresponding quarter earlier fiscal, the airline mentioned. For the total monetary 12 months 2019-20, its web loss stood at Rs 934.eight crore as in opposition to a web lack of Rs 316.1 crore in 2018-19.

Jet Airways’ loss rises to Rs5,536 crore in FY19

Jet Airways, which is present process an insolvency decision course of, noticed its loss widening to Rs 5,535.75 crore within the 12 months ended March 2019, primarily on account of surge in bills.

The airline, which shuttered operations in April final 12 months, had a lack of Rs 766.13 crore in 2017-18. In 2018-19, its complete revenue declined to Rs 23,314.11 crore from Rs 23,958.37 crore within the year-ago fiscal, — PTI

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