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.

Can the airline clock profit, and if it does, will it be wafer-thin? It is unlikely to cross the revenue numbers of last quarter. With pressure from both the demand and cost side, a breakeven with a three-digit profit will be an achievement.

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. 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.