IndiGo posts ₹382 crore Q1 loss as fuel costs surge; flags airport cross-ownership risks
IndiGo reported a ₹382 crore loss for the June quarter, versus a ₹2,161 crore profit a year earlier, despite revenue rising 20% to ₹24,584 crore. The carrier also opposed loosening airport-airline ownership rules, warning that operator stakes could create conflicts over slots and sensitive commercial data.
IndiGo reported a ₹382 crore Q1 loss as fuel costs surged, despite 20% revenue growth. The airline opposed proposed airport-airline cross-ownership changes sought by Adani, warning of conflicts over slots and commercially sensitive information.
Why this matters
The loss follows IndiGo's proposal to settle a CCI probe over flight disruptions and reinforces its recent warning that airport ownership of airlines could distort competition.
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