Posted inIndia

IndiGo’s Q1 losses widen on Covid impact

IndiGo Airline’s losses widened in the April-June quarter as the second wave of Covid-19 and lockdowns reduced passenger traffic and a rise in crude-oil prices increased operational costs. The budget carrier’s parent organization, InterGlobe Aviation, announced a net loss of 31.74 billion rupees (US$ 426 million) in the first quarter, as against 28.49 billion rupees […]