Top headlines: Govt approves stake sale in HZL; IndiGo Q4 loss widens

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IndiGo Q4 results: Loss widens to Rs 1,682 cr on higher fuel costs

InterGlobe Aviation, which operates flights under IndiGo brand, on Wednesday reported that its consolidated loss widened to Rs 1,682 crore for the quarter ending March 31, 2022 as higher fuel costs more than offset a rebound in demand for air travel. It reported consolidated loss of Rs 1,147 crore in the year-ago period when a raging pandemic kept people at home.

However, the resurgence in air travel demand helped the company's consolidated revenue from operations jump 29% to Rs 8,021 crore in Q4FY22 as against Rs 6,223