IndiGo reports Rs 870 cr net loss for Q4
Tuesday - June 2, 2020 5:28 pm ,
Category : BUSINESS
Mumbai, June 2 (IANS) Covid-19-battered airline major IndiGo reported, here on Tuesday, over Rs 870 crore net loss for the fourth quarter of 2019-20. The airline had posted Rs 595.8 crore net profit in the year-ago quarter.The company's revenue from operations grew 5.3 per cent to Rs 8,299.1 crore in the last quarter of FY20, compared with Rs 7,883.3 crore registered in the same period a year ago."We are positioning ourselves to be a stronger brand, to have more efficient fleet and lower cost structure," IndiGo's CEO Ronojoy Dutta said."We intend to deliver for India, the best air transportation system in the world."
--IANS rv-sn/pcj
--IANS rv-sn/pcj
