InvestorQ : How were the quarterly results of Indigo Airlines during the previous week?
Niti Shenoi made post

How were the quarterly results of Indigo Airlines during the previous week?

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ishika Banerjee answered.
1 week ago
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IndiGo Airlines reported widening of net loss during the Mar-21 quarter on account of the lag effect of COVID 2.0 and the lockdowns. Net loss for Mar-21 quarter stood at Rs.-1,147 crore compared to Rs.-871 crore net loss in Mar-20 quarter. IndiGo took a hit on account of higher fuel costs and running empty seats due to social distancing norms.

For the Mar-21 quarter, the revenues from operations were lower by 25% at Rs.6,223 crore, while full year revenues for FY21 were down by nearly 60% yoy. IndiGo saw a fuel cost spike of 67% in Q4 on a yoy basis. In addition, passenger ticketing revenues fell by 30%. The RASK / CASK spread remained in negative zone for the fifth quarter in succession.

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