IndiGo Reports ₹987 Crore Loss in Q2 Despite Revenue Growth

Mumbai: IndiGo Airlines, one of India’s leading low-cost carriers, has recently announced a substantial loss of ₹987 crore for the second quarter of the fiscal year. This figure stands in stark contrast to the profit of ₹189 crore reported during the same period last year. The airline’s financial report highlights the challenges faced in a competitive market, along with the lingering effects of the global pandemic on travel demand.

Revenue Growth Amid Loss:
Despite the significant loss, IndiGo has managed to achieve a revenue growth of 13.55%. This increase demonstrates the airline’s resilience and its ability to adapt to changing market conditions. The rise in revenue can be attributed to several factors, including an uptick in passenger demand, strategic route expansions, and operational efficiencies.

Stock Performance Surges:
In an intriguing twist, despite the reported losses, IndiGo’s stock has surged by an impressive 80% over the past year. This remarkable increase signals strong investor confidence in the airline’s long-term prospects. Analysts suggest that the stock performance reflects market optimism regarding IndiGo’s strategic initiatives and its robust position in the aviation sector.