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InterGlobe Aviation posts Rs 1,062 crore loss in Q2 on higher costs

According to a release, InterGlobe Aviation's total income rose 31 per cent to Rs 8,539.8 crore in the second quarter of the current fiscal

IndiGo

The logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse | Photo: Reuters

Press Trust of India New Delhi

IndiGo's parent InterGlobe Aviation on Thursday posted a net loss of Rs 1,062 crore for the September quarter as higher costs and mark-to-market losses took a toll on the bottom line.

The company had a loss of Rs 651.5 crore in the same period a year ago.

These figures are after tax.

According to a release, InterGlobe Aviation's total income rose 31 per cent to Rs 8,539.8 crore in the second quarter of the current fiscal.

In the year-ago period, the same stood at Rs 6,514.1 crore.

"Mark-to-market losses on capitalised operating leases of Rs 4,282 million and higher maintenance cost of Rs 3,190 million significantly impacted profitability," the company said.

 

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First Published: Oct 24 2019 | 4:25 PM IST

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