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IndiGo Q1 Results: Airline Swings into Red with Rs 382-Crore Loss
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IndiGo swung into the red in the first quarter of the financial year, with a loss of Rs 382 crore due to soaring fuel costs. The airline's revenue declined by 10% compared to the same period last year.
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IndiGo Q1 Results: Airline Swings into Red with Rs 382-Crore Loss
IndiGo swung into the red in the first quarter of the financial year, with a loss of Rs 382 crore due to soaring fuel costs. The airline's revenue declined by 10% compared to the same period last year. The loss is a significant blow to the airline, which has been struggling to maintain its profitability in recent times. The company's management has attributed the loss to the rise in fuel prices, which has affected the airline's operating costs. The airline is expected to take steps to mitigate the impact of the fuel price surge in the coming months.
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