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Covid-19 impact: IndiGo, SpiceJet may clock combined Q4 loss of Rs 3,350 cr

According to Elara Capital, IndiGo and SpiceJet could report a cumulative net loss of Rs 3,350 crore in Q4FY20, as against a profit of Rs 570 crore in Q3FY20 and Rs 650 crore in Q4FY19.

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The benefit of crash in crude oil prices in March in likely to be off-set by the depreciation of rupee and slim air traffic movement in the March quarter

Nikita Vashisht New Delhi

4 min read Last Updated : May 29 2020 | 4:27 PM IST

As most aircraft stand parked amid the outbreak of coronavirus (Covid-19) pandemic, March quarter of financial year 2019-20 (Q4FY20) could be first among the many loss-making quarters for the aviation sector, fear analysts.

Almost all airlines, including IndiGo and SpiceJet, had drastically cut operations by mid-March, and had begun grounding fleet as net bookings fell into negative — meaning there are more cancellations than fresh bookings on domestic routes. It all came to a complete halt when the government on March 25 imposed a ban on domestic air travel to stem the spread of the virus. This was on top

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