IndiGo flies deep into red with Rs 1,031 cr pre-tax loss in Sept quarter

The airline will continue to make provision for aircraft maintenance for the next two quarters

InterGlobe Aviation, which runs the country’s largest domestic airline IndiGo, swung to a pre-tax loss of Rs 1,031 crore in second quarter FY20 owing to a mark-to-market charge and provision for aircraft maintenance expenses. In the same period last year, the airline had posted a pre-tax loss of Rs 987 crore. 

While the airline reported 31 per cent year-on-year (YoY) increase in revenue from operations to Rs 8,105 crore, result was impacted due to mark-to-market foreign exchange loss of Rs 425 crore on capitalisation of aircraft leases and maintenance provision of Rs 319 crore. On a net basis, the loss