India's Biggest Airline Reports Net Loss Of Rs 620.1 Crore In December Quarter, Revenue Down 50% Due To COVID-Impact

INSUBCONTINENT EXCLUSIVE:
IndiGo Q3 Results: Revenue from operations plunged 50.6 per cent to Rs 4,910 croreIndiGo Q3 Results: Interglobe Aviation Limited, which
pandemic kept air travel well below normal levels
year-ago period
The revenue from operations declined 50.6 per cent to Rs 4,910 crore, according to the company's regulatory filing on the BSE
The EBITDAR (earnings before interest, tax, depreciation, amortisation, and rent costs) loss stood at Rs 987.1 crore as against Rs 1,960.7
crore in the third quarter of the current financial year, registering a year-on-year decline of 49.7 per cent
Ronojoy Dutta, the company's CEO said, "We look forward to a gradual opening up of international scheduled flights during the next few
IndiGo said it expected its current-quarter average seat kilometers - a measure of passenger-carrying capacity - to be around 75 per cent-80