IndiGo Q2 net loss narrows to Rs 1,195 crore QoQ, revenue jumps 257%

The low cost carrier's revenue jumped 257 per cent sequentially to Rs 2,704.9 crore from Rs 766.7 crore reported in Q1FY21

InterGlobe Aviation-run IndiGo airline on Thursday reported a standalone net loss of Rs 1,194.8 crore for July-September quarter of FY21 (Q2FY21) as revenue picked up. The airline had reported a record loss of Rs 2,840 crore during the June quarter of FY21 amid suspension of air travel owing to Covid-19 pandemic. In the year-ago quarter, the loss stood at Rs 1,060 crore.  
 

"We are pleased that we are slowly but surely stair-stepping our way back to normal capacity. While we are very much focused on managing the crisis of the present, we are also reimagining the promise of the future.