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.

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.

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.

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.

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 IndiGo airline operator Interglobe Aviation swung to its first quarterly loss in two years, weighed down by fuel expenses and aircraft rental costs.