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IndiGo flies deep into red with Rs 1,031 cr pre-tax loss in Sept quarter

The airline will continue to make provision for aircraft maintenance for the next two quarters

IndiGo
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File Photo: An IndiGo Airlines cabin baggage security check tag is pictured on a passenger's luggage at Bengaluru International Airport in Bangalore | Photo: Reuters

Aneesh Phadnis Mumbai
InterGlobe Aviation, which runs the country’s largest domestic airline IndiGo, swung to a pre-tax loss of Rs 1,031 crore in second quarter FY20 owing to a mark-to-market charge and provision for aircraft maintenance expenses. In the same period last year, the airline had posted a pre-tax loss of Rs 987 crore. 

While the airline reported 31 per cent year-on-year (YoY) increase in revenue from operations to Rs 8,105 crore, result was impacted due to mark-to-market foreign exchange loss of Rs 425 crore on capitalisation of aircraft leases and maintenance provision of Rs 319 crore. On a net basis, the loss

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