 "indigo, airlines, aviation, flights, air craft")
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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