New Delhi, Oct 29 The country’s largest airline IndiGo on Thursday reported narrowing its loss to Rs 1,879.1 crore in the three months ended September as higher expenses impacted the bottom line.
The airline had a loss of Rs 2,582.1 crore in the same period a year ago.
In the second quarter of the current fiscal year, the total income of InterGlobe Aviation, the parent of IndiGo, rose to Rs 24,311.9 crore from Rs 19,599.5 crore in the year-ago period, according to a regulatory filing.
However, total expenses in the latest September quarter surged to Rs 26,188.4 crore, with aircraft fuel expenses rising to Rs 9,996.8 crore.
Shares of IndiGo closed unchanged at Rs 4,680 on the BSE.
(PTI News)
