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InterGlobe Aviation Q4FY21 consolidated loss at Rs. 1147.16 crores

InterGlobe Aviation Ltd that runs IndiGo has reported total income of Rs.6361.80 crores during the period ended March 31, 2021 as compared to Rs.5142.77 crores during the period ended December 31, 2020. The company reported total income of Rs.8634.62 crores during the period ended March 31, 2020.

The company has posted net loss of Rs. (1147.16) crores for the period ended March 31, 2021 as against net loss of Rs. (620.14) crores for the period ended December 31, 2020. It posted net loss of Rs.(870.80) crores for the period ended March 31, 2020.

The company has reported total income of Rs.15677.59 crores during FY 2020-21 as compared to Rs.37291.51 crores during FY 2019-20.

InterGlobe Aviation has posted net loss of Rs. (5806.42) crores for the 12 months period ended March 31, 2021 as against net loss of Rs.(233.67) crores for the 12 months period ended March 31, 2020.

Ronojoy Dutta, CEO, InterGlobe Aviation said "This has been a very difficult year with our revenues slumping hard due to covid, showing some signs of recovery during the period December to February and then slumping again with the second wave of the covid. While we have seen a sharp decline in revenues in March through May, we are encouraged by the modest revenue improvements starting last week of May and continuing through June.

We see this pandemic as a period of great trial for both our shareholders and our employees. We are focusing all our efforts and all our energies to strengthen the foundations and the pillars of IndiGo so that we emerge from this trial significantly stronger structurally and even more customer responsive than ever before. While we have produced disappointing financial results this year, we have also positioned ourselves to be the best-in-class airline when the inevitable recovery finally arrives."

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