Indigo reports net loss for Q2FY19

Leading airline operator Interglobe Aviation registered net loss Rs. 652 crore in Q2FY19 as against a profit of Rs. 552 crore in the corresponding quarter a year ago.

The company stated that higher fuel prices were responsible for more than half of the decline in its profitability. The depreciation in Indian rupee and lower yields also caused a reduction in profits. Indigo's revenues from operations were at Rs. 6,185 crore in Q2FY19 as against Rs. 5,291 crore in Q2FY18.

Indigo's cost per available seat kilometers (CASK) in Q2FY19 including fuel cost stood at Rs. 2.18, an increase of 13.50 per cent YoY. The airline operator has strengthened its route network by adding 5 new destinations and 35 new routes. It operated more than 100 daily flights out of each metro city in India

On Wednesday, the stock of InterGlobe Aviation was great volatility, the stock opened at Rs. 825.00 per share, and hit a intraday high of Rs. 845.00 and a low of Rs. 791.00. The stock closed at Rs. 817.10 per share, up by 0.80 per cent on BSE.