Mumbai, Oct 29 (SocialNews.XYZ) InterGlobe Aviation, which runs airline major IndiGo, on Thursday posted a quarterly net loss of Rs 1,194.8 crore for the second quarter of 2020-21.
The company had posted a net loss of Rs 1,062 crore in the like period of the previous fiscal.
According to the company, its total income for the quarter declined to Rs 3,029.2 crore, down 64.5 per cent over the same period last year.
In the quarter, passenger ticket revenues declined to Rs 2,208.2 crore, a decrease of 68.9 per cent and ancillary revenues went down to Rs 506.6 crore, a reduction of 45.5 per cent compared to the same period last year
Notably, total expenses for the quarter also declined to Rs 4,224.1 crore, a decrease of 55.9 per cent over the same quarter last year.
Source: IANS
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