IndiGo parent Interglobe posts quarterly loss as costs rise, pandemic hits

BENGALURU:

Interglobe Aviation

Ltd, which runs India's largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.


The company reported a net loss of Rs 873 crore ($116.19 million) for the fourth quarter ended March 31, compared to a profit of Rs 590 crore a year earlier.

Revenue from operations rose 5.3% to Rs 8,299 crore.

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