IndiGo Q2 net loss widens to ₹1,194 crore

IndiGo on Thursday reported a web lack of ₹1,194 crore for the quarter ended September 2020 with its passenger capability shrinking to 47% of ranges seen a 12 months earlier. Final 12 months, the service had posted a web lack of ₹1,062 crore in Q2.Complete revenue slid 64.5% to ₹three,029 crore. Passenger ticket revenues shrank 68.9% to ₹2,208 crore.CEO Ronojoy Dutta mentioned it hoped to succeed in 80% of pre-COVID capability by December, if the Centre relaxed the cap on the variety of flights airways may deploy. Aditya Pande, CFO, mentioned IndiGo had been capable of elevate loans price ₹600 crore from banks and was deferring a call on a QIP till December.

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