InterGlobe Aviation Q2 loss widens to Rs 1,194 cr; revenue declines 64.5%

InterGlobe Aviation which operates the country's largest airline, IndiGo, saw its revenue decline 64.5 per cent year on year to Rs 3029 crore in the September-end quarter

InterGlobe Aviation has deferred plans for qualified institutional placement (QIP) till December end and will look to raise debt for liquidity, the airline management said on Thursday after declaring net loss of Rs 1,194 crore in the second quarter of financial year 2021. In the same quarter last year, the firm had posted a net loss of Rs 1,062 crore.
 

InterGlobe Aviation, which operates the country's largest airline, IndiGo, saw its revenue decline 64.5 per cent year-on-year (YoY) to Rs 3,029 crore in the second quarter. Capacity deployed was 37 per cent lower YoY and seat occupancy fell to 65