IndiGo flies into the red on Covid curbs, posts loss of Rs 2,843 cr in Q1

Posts loss of Rs 2,843 cr in Q1FY21 against PBT of Rs 1,509 cr Q1FY20

India’s largest airline IndiGo on Wednesday said it expected to increase capacity by 40 per cent in the September quarter (Q2) and, by the December quarter, it wants to be able to deploy 60 per cent of the capacity it operated during the same period last year. 

The airline posted a pre-tax loss of Rs 2,842.6 crore against a pre-tax profit of Rs 1,509.4 crore in the same quarter of last year. Net loss was at Rs 2,844.3 crore for Q1 – the largest ever for the airline. It had posted a profit of Rs 1,203 crore in the same quarter