India: IndiGo airline's Q2 loss widens to Rs 1,583.34 cr on higher expenses

IndiGo fleet

New Delhi, Nov 4 (PTI) InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Friday reported a widening of loss to Rs 1,583.34 crore for the September quarter due to higher fuel costs and foreign exchange loss.

The airline, also the world's seventh largest in terms of daily departures, reported a loss of Rs 381.8 crore, excluding the foreign exchange loss of Rs 1,201.5 crore, in the latest quarter under review.

With increasing competition and Air India being revived under the ownership of Tatas, IndiGo is also looking at expanding its international operations.