Business Standard

IndiGo seeks staff support amid biggest quarterly loss of Rs 1,062 crore

IndiGo Q2 quarter hit by higher costs related to the operating lease liabilities


Press Trust of India Mumbai
Budget carrier IndiGo on Tuesday sought the "support" of its employees following its biggest quarterly loss in the September quarter, saying that it will have to deal with the "weakening" revenue environment going forward.

Hit by higher costs related to the operating lease liabilities, IndiGo reported a net loss of Rs 1,062 crore in the September quarter as against a net loss of Rs 651.5 crore in the corresponding period a year ago.
"We will be dealing with the weakening revenue environment with a sharper focus on cost for which we seek your support. Operationally, we should continue our focus on
Topics : IndiGo

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First Published: Oct 29 2019 | 8:50 PM IST

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