IndiGo reports Rs 1,681 cr net loss in Q4

IndiGo on Wednesday reported a net loss of Rs 1,681 crore in the quarter ending March due to Omicron wave, high fuel costs and weakening rupee.

This year’s Q4 loss was 46.6 per cent more than the loss incurred by the airline in the corresponding period a year ago, the airline’s statement mentioned.

India’s largest airline’s total net loss of 2021-22 was Rs 6,161 crore as compared to Rs 5,806 crore net loss that it incurred in 2020-21, it mentioned.

The total income of India’s largest airline in Q4 of 2021-22 was Rs 8,020 crore, which was 28.9 per cent more than the corresponding period a year ago, the carrier’s statement noted.

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