IndiGo posts 987cr Q2 loss after 7 straight profitable quarters
Friday, 25 October 2024
IndiGo faced a Rs 986.7 crore loss in Q2 July-Sept quarter, ending a streak of seven profitable quarters. The loss is attributed to high fuel costs and a high number of grounded planes due to Pratt & Whitney engine issues. Despite the losses, the airline's revenue grew by 14.6% YoY.
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