India’s largest airline IndiGo posted a third straight quarterly loss.
Supply-chain issues, high fuel costs and exchange rate fluctuation were all factors, parent InterGlobe Aviation Ltd said of the INR 1,583.3 crore loss.
“One of the key after-effects of the pandemic in the aviation industry is the supply-chain disruptions in aircraft manufacturing, spare engines worldwide.”
More than 12% of the airline’s fleet, has been grounded for at least seven days, according to Flightradar24 data.
IndiGo currently has a 58% domestic market share in India.
