India’s biggest carrier by market share IndiGo just posted its seventh straight quarterly loss.
Its net loss widened by 20% to $190 million for the July-September quarter although it is ‘encouraged by the pace of revenue recovery ‘especially ticket revenue booked in October which is close to pre-Covid levels.
IndiGo said its cash burn is down by one-third however it warned steep fuel prices will slow down its recovery.
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