Indigo Parent Interglobe Posts Quarterly Loss As Costs Rise, Pandemic Hits

Interglobe Aviation Ltd, which runs India's largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.

The company reported a net loss of 8.73 billion Indian rupees ($116.19 million) for the fourth quarter ended March 31, compared to a profit of 5.90 billion rupees a year earlier.

Revenue from operations rose 5.3% to 82.99 billion rupees.

(Reuters)