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IndiGo to report June quarter result today; here's what analysts expect

Analysts at Centrum Broking estimate the airline to clock a net loss of Rs 2,672.6 crore driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs

Topics
InterGlobe Aviation | IndiGo | India Inc earnings

Nikita Vashisht  |  New Delhi 

As InterGlobe Avition-owned IndiGo burns its pocket with lease and rental payments for over 260 aircraft fleet amid calibrated operations, thanks to suspended air travelling amid Covid-19 outbreak, analysts would watch out the budget carrier’s cash flows in the April-June quarter of FY21 (Q1FY21) and further fund-raising plans.

The airline is scheduled to report its Q1FY21 earnings on Wednesday, July 29. During the corresponding quarter of the previous fiscal (Q1FY20), the Gurugram-based airline logged a net profit of Rs 1,203 crore, which turned into a net loss of Rs 871 crore ...

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First Published: Tue, July 28 2020. 13:51 IST
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