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Airline posts Rs 986 crore loss
Indian airline IndiGo sees 40% of grounded jets flying by April, swings to quarterly loss
India's largest airline IndiGo said on Friday it expects to have about 40% of its grounded fleet in the air by April, after costs related to unused aircrafts dragged the budget carrier to its first quarterly loss in two years.
IndiGo reports net loss of Rs 987 crore in Q2 FY25 due to high costs
Missing Street estimates, India’s largest airline IndiGo posted a consolidated net loss of Rs 986.7 crore for the second quarter of the 2024-25 financial year, driven by rising fuel costs, increased airport charges, higher aircraft lease expenses, grounded planes, seasonal downturn, and lower yields in the international market.
IndiGo airline swings into the red with Rs 987 crore loss, first in two years
InterGlobe Aviation Limited, the operator of IndiGo airline, on October 25 reported net loss of Rs 987 crore for the quarter ended September 30, 2024. It reported net profit of Rs 189 crore in the year-ago period.
Indian low-cost carrier IndiGo swings to first quarterly loss in 2 years
India's IndiGo airline operator Interglobe Aviation swung to its first quarterly loss in two years, weighed down by fuel expenses and growing aircraft rental costs. The country's biggest airline by market share said on Friday it made a loss of 9.
IndiGo reports first quarterly loss in two years amid rising costs
Interglobe Aviation, the operator of India’s largest airline IndiGo, has reported its first quarterly loss in two years, primarily driven by soaring fuel expenses and increasing aircraft rental costs.
IndiGo Swings To Q2 Net Loss Of ₹986.7 Cr, Misses Estimates By Huge Margin
InterGlobe Aviation, the parent company of airline IndiGo, swung to a massive net loss in the second quarter of the financial year, massively missing analyst estimates. What Happened: India’s top carrier said it lost ₹986.
India's top airline IndiGo swings to first quarterly loss in 2 years
India's IndiGo airline operator Interglobe Aviation swung to its first quarterly loss in two years, weighed down by fuel expenses and aircraft rental costs.
IndiGo to further reduce grounded flights by April after surprise quarterly loss
ndtvprofit
1h
IndiGo Expects 40% Of Grounded Aircraft To Fly By April
InterGlobe Aviation Ltd., the operator of IndiGo, expects about 40% of its grounded fleet back in operation by April after ...
Skift
3h
IndiGo Posts Loss But Sticks to Global Growth Plan
IndiGo has reported its first loss-making quarter in two years. Despite this, it expects a positive momentum over the coming ...
devdiscourse
6h
IndiGo Navigates Through Turbulent Quarters Amid High Fuel Costs and Grounded Aircraft
IndiGo, India's largest airline, reports a net loss of Rs 986.7 crore in the September quarter due to aircraft groundings and ...
5h
IndiGo’s aircraft groundings on downward trajectory, likely to fall to mid-40s by early FY26
India’s largest airline IndiGo has started to see a reduction in the number of aircraft grounded due to engine issues, and ...
1h
IndiGo in the red, warns of more air pockets in Q3
IndiGo, India's largest airline, has reported a net loss of ₹987 crore for the fiscal second quarter. This loss comes after ...
devdiscourse
9h
IndiGo Battles Turbulence: Fuel Costs and Grounded Planes Impact Profits
IndiGo, India's largest airline, reported a significant net loss of Rs 986.7 crore for the September quarter, affected by ...
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