IndiGo Sinks To Net Loss Thanks To Groundings, Fuel Costs

indigo a321neo

IndiGo reported a net loss of INR9.9 billion ($117.7 million) for its fiscal second quarter.

Credit: Joe Pries Aviation
Indian LCC IndiGo broke a lengthy run of profitable quarters with a net loss for the September quarter, due in part to its large number of grounded aircraft. The airline reported a net loss of INR9.9 billion ($117.7 million) for its fiscal second quarter, versus a profit of INR1.9 billion in the...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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