IndiGo Q2 results: Airline posts Rs 2,582 crore loss on forex hit; revenue up 9% YoY as cost pressures rise
IndiGo reported a significant Rs 2,582 crore net loss for the September quarter, a sharp reversal from its previous profit. Despite revenue growth and increased passenger traffic, foreign exchange fluctuations heavily impacted costs like aircraft leases and fuel. The airline's CEO highlighted a focus on long-term capacity optimization during weaker seasons.
IndiGo reported a significant Rs 2,582 crore net loss for the September quarter, a sharp reversal from its previous profit. Despite revenue growth and increased passenger traffic, foreign exchange fluctuations heavily impacted costs like aircraft leases and fuel. The airline's CEO highlighted a focus on long-term capacity optimization during weaker seasons. What's Your Reaction?
