IndiGo Suffers Huge Loss In Q4 2022 Amid Omicron Variant
Airlines IndiGo suffered a huge net loss of Rs 1,681 crore in the quarter ending March, said company on May 25. The airlines' Q4 loss was said to be 46.6% close to Rs 6,161 crores, more compared to the loss in 2021, which was Rs 5,806 crores. Notably, Covid-19's Omicron variant and deduction in travel demand was one of the major reason behind the loss.
Tags: IndiGo, Airlines , Quarter 4, omicron, Loss
Courtesy: Press Trust of India
Indigo Suffers A Loss Of Rs 620 Crore In Last Quarter; 53% Decline In Ticket Revenue
India's biggest carrier IndiGo suffered a loss of Rs.620 crore in the December quarter, as per the reports released by IndiGo on January 28. The company revealed that this quarter witnessed a reduction of 53.6% in its ticket revenues, and a 22.1% decline in ancillary revenues as compared to the same quarter as previous year. For 2021, IndiGo projects around 75-80% of the fourth quarter fiscal in 2020.
Tags: QUARTERY LOSS, Quarter 4, business, IndiGo
Courtesy: Live Mint