IndiGo reports net loss of INR 11,948 million and EBITDAR of INR 4,085 million for the quarter ended September 2020.

Gurgaon, October 29, 2020: InterGlobe Aviation Ltd. (“IndiGo”) today reported its second quarter fiscal year 2021 results Revenue from Operations of INR 27,410 million for the quarter, a decrease of 66.2% against a 63.3% reduction in capacity compared to same period last year EBITDAR of INR 4,085 million with EBITDAR margin of 14.9% for the quarter, compared to EBITDAR of INR 2,564 million with EBITDAR margin of 3.2% for the same period last year  

The Company’s CEO, Mr. Ronojoy Dutta said, “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. Once we are back at 100 percent capacity, we will have lower unit costs, a stronger product, a more efficient fleet and a robust network. We are impatient for the arrival of the future.”

Author: TW News Bureau