Indigo reported biggest-ever quarterly loss of Rs 1062 crore, cuts expansion targets
R Sinduja
News Editor
Image Credit: shortpedia
India's biggest airline Indigo reported its biggest-ever quarterly loss on higher maintenance costs and cuts expansion targets, at a time when the industry is grappling with slowing passenger growth. Indigo parent InterGlobe Aviation Ltd's net loss grew to 10.66 billion rupees in just 3 months. Maintenance costs also spiked as the company was forced to reassess the expense of leasing and maintaining older Airbus A320 planes.
