IndiGo Q2 Results: Airline slips back into red with Rs 987 crore loss
Revenue from operations, meanwhile, jumped 14% year-on-year ( YoY) to Rs 16,970 crore in the reporting quarter.
While the Street was expecting Interglobe Aviation to report losses, the actual number was much higher. For instance, an ET Now poll saw the losses for the airline to be around Rs 219 crore.
In a traditionally weaker second quarter, the budget carrier said earnings were further impacted by headwinds related to groundings and fuel costs.
«We have turned the corner as the number of grounded aircraft and associated costs have started reducing,» said Pieter Elbers, CEO, IndiGo.
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