BENGALURU: (HRNW) Interglobe Aviation, which runs India’s largest airline IndiGo, reported its steepest quarterly loss on Thursday as pandemic-related travel restrictions continued to dent its operations.
The global aviation industry has been among the worst hit by the pandemic and related travel restrictions.
The airline said it expects third-quarter average seat kilometers (ASKs) to be around 60% of its ASKs for the same quarter a year earlier.
“We are slowly but surely stair-stepping our way back to normal capacity,” Chief Executive Officer Ronojoy Dutta said in a statement.
“Once we are back at 100% capacity, we will have lower unit costs, a stronger product, more efficient fleet and a robust network,” he said.
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