IndiGo posts 987cr Q2 loss after 7 straight profitable quarters

IndiGo faced a Rs 986.7 crore loss in Q2 July-Sept quarter, ending a streak of seven profitable quarters. The loss is attributed to high fuel costs and a high number of grounded planes due to Pratt & Whitney engine issues. Despite the losses, the airline’s revenue grew by 14.6% YoY.

Leave a Reply

Your email address will not be published. Required fields are marked *