⁍ The company logged a net loss of 11.95 billion rupees ($161.61 million)
For the second quarter ended Sept. 30, compared with a loss of 10.66 billion rupees last year.
⁍ Revenue from operations plunged 66% to 27.41 billion rupees.
– India’s second-largest airline is reporting its biggest quarterly loss ever as the country struggles to contain the spread of the H1N1 virus. Interglobe Aviation reported a net loss of $16.1 million for the quarter ending Sept. 30, compared with a loss of $10.6 million in the year-ago period, the Wall Street Journal reports. The airline, which operates the country’s largest low-cost carrier, IndiGo, says revenue plunged 66%, Reuters reports.
Source: https://www.reuters.com/article/interglobe-results/corrected-indias-top-airline-indigo-posts-quarterly-loss-on-pandemic-hit-idUSFWN2HK0QW