InterGlobe Aviation Limited — Investor Meet, 30-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates
30-10-2024 · 06:10 pm
IndiGo reported a net loss of ₹10 billion for Q2 FY2025, despite a 14.6% revenue increase to ₹178 billion. The loss was attributed to aircraft groundings, higher fuel costs, and seasonal trends. The airline is optimistic about returning to profitability with reduced aircraft groundings and plans to grow its capacity and customer loyalty initiatives, including a new business class and a loyalty program. They also aim to expand international routes, targeting 40 destinations by year-end.
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