Domestic budget carrier Interglobe Aviation Limited on Saturday posted a consolidated year-on-year net loss of ₹1,147 crore in the quarter ended 31 March, 2021. The aviation company had posted a loss of ₹8,70.8 crore in the year-ago period. The country's biggest domestic carrier loss before tax came in at ₹1,157 crore, compared to a loss before tax of ₹1,290 crore during the same period last year. Further, the company's fuel costs rose 67% to ₹1,914 crore in Q4FY21 as compared to ₹1,142 crore in Q3FY21. In a report, CAPA expects domestic passenger traffic to be around 80-95 million in 2021-22 as against 52.5 million in the previous financial year.

Source: Mint June 05, 2021 15:24 UTC