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Q2 Results: What Hurt India’s Two Biggest Airlines In The Second Quarter
Here’s how India’s only two listed airlines fared in the second quarter...
21 Nov 2019, 09:45 PM IST
India’s only two listed airlines posted their highest loss in the quarter ended September as costs rose and the rupee depreciated.The combined loss of InterGlobe Aviation Ltd. and SpiceJet Ltd. widened to Rs 1,525 crore—the biggest ever—from Rs 1,041 crore a year ago, according to BloombergQuint’s calculations.Costs of the operator of IndiGo rose because of ageing fleet. For SpiceJet, that was because it leased older aircraft of Jet ...
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