India’s high airline IndiGo posts file quarterly loss on pandemic hit

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India’s high airline IndiGo posts file quarterly loss on pandemic hit

BENGALURU, Oct 29 (Reuters) - Interglobe Aviation Ltd INGL.NS, the operator of India's largest airl


BENGALURU, Oct 29 (Reuters)Interglobe Aviation Ltd INGL.NS, the operator of India’s largest airline IndiGo, reported its greatest quarterly loss on Thursday as journey curbs nonetheless in place to manage the unfold of the coronavirus hammered the aviation business.

The corporate logged a internet lack of 11.95 billion rupees ($161.61 million) for the second quarter ended Sept. 30, in contrast with a lack of 10.66 billion rupees final yr.

Income from operations plunged 66% to 27.41 billion rupees, the airline operator mentioned.

($1 = 73.9430 Indian rupees)

(Reporting by Chandini Monnappa in Bengaluru and Aditi Shah in New Delhi, Modifying by Sherry Jacob-Phillips)

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