{"id":20836,"date":"2022-05-25T17:55:51","date_gmt":"2022-05-25T12:25:51","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=20836"},"modified":"2022-05-25T18:17:41","modified_gmt":"2022-05-25T12:47:41","slug":"indias-biggest-airline-indigo-posts-larger-loss-as-expenses-balloon","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/05\/25\/indias-biggest-airline-indigo-posts-larger-loss-as-expenses-balloon\/","title":{"rendered":"India’s biggest airline IndiGo posts larger loss as expenses balloon"},"content":{"rendered":"\n

IndiGo\u2019s loss for the January-March 2022, quarter ballooned to Rs 1,681.8 crore, up 47% from a loss of Rs 1,147.2 crore, due to a mix of elements like the Omicron wave, costlier jet fuel, and a weaker rupee.<\/strong><\/p>\n\n\n\n

India’s biggest airline IndiGo said <\/h2>\n\n\n\n

InterGlobe Aviation Ltd, the operator of India’s largest airline IndiGo<\/a>, said a larger loss for the fourth quarter on Wednesday as higher fuel costs more than offset a rebound in need for air travel.<\/em><\/p>\n\n\n\n

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IndiGo Airline | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

After two years of pandemic-curtailed travel, airlines globally have made a recovery in recent months riding on a wave of pent-up demand that has enabled them to bump up capacity.<\/p>\n\n\n\n

The Russian invasion of Ukraine <\/h2>\n\n\n\n

But the industry’s comeback faces risks from a surge in international jet fuel costs, which neared 14-year highs in the quarter after the Russian invasion of Ukraine.<\/p><\/blockquote><\/figure>\n\n\n\n

“Although traffic rebounded and demand was robust during the latter half of the quarter, we were challenged by high fuel prices and a weakening rupee,” Chief Executive Ronojoy Dutta told in a report.<\/p>\n\n\n\n

Also, read <\/strong><\/p>\n\n\n\n