IndiGo Q4 loss at Rs 871 cr, defers new capacity addition amid Covid-19

"With the prevailing uncertainty due to pandemic, we are not in a position to provide capacity growth guidance," the airline stand in a statement.

Private airline IndiGo on Tuesday reported a net loss of Rs 870.8 crore for the March quarter of FY20 (Q4FY20) as air travel remained severely disrupted during the quarter due to the coronavirus (Covid-19) outbreak.
 

The airline had logged a net profit of Rs 589.6 crore in the year-ago quarter (Q4FY19), and Rs 496 crore in the December quarter of FY20.

"Closure of flight operations during national lockdown on account of Covid-19 significantly impacted revenue for the quarter. IndiGo reports net loss of Rs 8,70.8 crore and EBITDAR of INR 86.7 crore for the quarter ended March 2020. With