{"id":161747,"date":"2024-10-26T02:32:11","date_gmt":"2024-10-26T02:32:11","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/26\/indigo-posts-987cr-q2-loss-after-7-straight-profitable-quarters-times-of-india\/"},"modified":"2024-10-26T02:32:11","modified_gmt":"2024-10-26T02:32:11","slug":"indigo-posts-987cr-q2-loss-after-7-straight-profitable-quarters-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/26\/indigo-posts-987cr-q2-loss-after-7-straight-profitable-quarters-times-of-india\/","title":{"rendered":"IndiGo posts 987cr Q2 loss after 7 straight profitable quarters &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"260\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-114602303,imgsize-75166,width-400,resizemode-4\/114602303.jpg?fit=400,260&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"IndiGo posts 987cr Q2 loss after 7 straight profitable quarters &#8211; Times of India\" title=\"IndiGo posts 987cr Q2 loss after 7 straight profitable quarters &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/indigo\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">IndiGo<\/a> on Friday reported a loss of Rs 986.7 crore in the July-Sept quarter, after seven straight profitable quarters with the profit in Q2 last fiscal being Rs 189 crore. The <!-- -->airline<!-- --> attributed this slip back to red to &#8220;higher <!-- -->fuel costs<!-- --> and a peak number of <!-- -->groundings<!-- -->&#8220;. IndiGo stock closed at Rs 4,365, down 3.4% on BSE on Friday. <br \/>Of 410 aircraft in its fleet, those grounded are now in 60s due to Pratt &amp; Whitney&#8217;s prolonged engine issues &#8211; down from a peak of 70s &#8211; and the airline expects this number to be in 40s next fiscal. Since, post-Covid demand for travel is normalising, fares hikes are not similar to those being seen in the last two-three years.<br \/>IndiGo CEO Pieter Elbers said: &#8220;IndiGo&#8217;s growth and expansion continued as our topline grew by 14.6% YoY.&#8221;<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The airline attributed this slip back to red to &#8220;higher fuel costs and a peak number of groundings&#8220;. IndiGo stock closed at Rs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":161748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-114602303,imgsize-75166,width-400,resizemode-4\/114602303.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[125916,6418,289,125915,125914,273,5734,6859,8263,17141,125913,1202,5085,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161747"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=161747"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161747\/revisions"}],"predecessor-version":[{"id":161749,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161747\/revisions\/161749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/161748"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=161747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=161747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=161747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}