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Daily Archives: June 3, 2020

Indigo Q4FY20 results: Is India likely to see an airline failure? Indigo’s results point that way

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

India’s largest airline reported its results yesterday. What was surprising was the quantum of the loss at 870.8 crores. Indigo attributes this to the impact of COVID-19, coupled with the weakness of the rupee, which has resulted in a spike in costs. Indeed, it is very telling that for an airline that is so focused and disciplined, there has been …

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