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IndiGo posts Rs 1,290 crore pre-tax loss in Q4 amid Covid-19 lockdown

Although unsure of revival in demand, Chief Financial Officer Aditya Pande said there was a slight uptick in forward bookings after the lockdown was relaxed.

indigo, airlines, aviation, flights, air craft
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Despite the government allowing 30 per cent capacity, the airline has only been able to operate at 20 per cent as various quarantine measures by states have made people reluctant to fly, according to IndiGo CEO Ronojoy Dutta.

Arindam Majumder New Delhi
The country’s largest airline, IndiGo, will not pay any dividend to its shareholders for the financial year ended 2020, the company has announced. This, along with other cost-saving steps, would help the company generate liquidity of around Rs 4,000 crore to withstand the Covid-19 crisis, it said on Tuesday. 

Although unsure of revival in demand, Chief Financial Officer Aditya Pande said there was  a slight uptick in forward bookings after the lockdown was relaxed.

The company reported a consolidated pre-tax loss of Rs 1,290 crore in the March quarter as compared with a profit of Rs 626 crore in the

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