IndiGo Q4: Loss widens to Rs 1,147 cr as higher fuel costs, virus hit biz

The country's largest airline's revenue from operations fell 25 per cent to Rs 6,223 crore as compared to Rs 8,299 crore in the corresponding quarter of the last year

Budget carrier IndiGo on Saturday reported consolidated net loss of Rs 1,147 crore for the March quarter (Q4FY21) as higher fuel costs and coronavirus-related disruptions weighed on the earnings. It had reported a net loss of Rs 871 crore during the same quarter a year earlier (Q4FY20) and Rs 620 crore loss in the previous quarter (Q3FY21).

After a near washout in operations last year, the gradual recovery seen in domestic passenger demand waned from early March with the onslaught of second wave of coronavirus.

The country's largest airline's revenue from operations fell 25 per cent to Rs 6,223 crore