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IndiGo reports net loss of Rs 2,844 cr in Q1FY21; revenue plunges 92%

InterGlobe Aviation, IndiGo’s parent firm, on Wednesday posted a net loss at Rs 2,844.3 crore for the quarter ended June 30. It had posted a net profit of Rs 1,203.1 crore in the corresponding quarter last year. Revenue from operations plunged 91.9 per cent YoY to Rs 766.7 crore during the quarter under review. The operations of airline companies were heavily affected during the quarter due to government orders.
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