The Government of India declared a national lock down with effect from 24 March 2020. As a result, no scheduled passenger flights were operated between 24 March 2020 and 24 May 2020, impacting airline revenues during this period. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved.
As IndiGo reports Q4 earnings today, all eyes on journey ahead for stock ... 02 Jun 2020, 10:21 AM IST Pallavi Pengonda. All Rights Reserved | 1011 Aviation 2020 | Do not use content without permission.Interglobe Aviation, the operator of India’s largest airline IndiGo announced its fourth-quarter results on Tuesday June 2.Rs 873 crore during the reported quarter compared with a net profit of Rs 590 crore a year ago.
The airline operated 1,674 peak daily flights during the quarter and connected 62 domestic destinations and 24 international destinations. IndiGo Q4 results: The airline posted a loss of Rs 873 crore for the quarter compared to a net profit of Rs 590 crore in the corresponding quarter last year. We fully intend to deliver for India, the best air transportation system in the world”.IndiGo is amongst the fastest growing low cost carriers in the world. 2 hours Indigo Books and Music, Inc. (IDGBF) CEO Heather Reisman on Q1 2021 Results – Earnings Call Transcript Seeking Alpha 2 hours Terra Tech’s (TRTC) CEO Matt Morgan on Q2 2020 Results – Earnings Call Transcript Seeking Alpha "Closure of flight operations during national lockdown on account of Covid-19 significantly impacted revenue for the quarter. It can be Regarding the materials for this conference call, we issued the press release yesterday.
IndiGo reports net loss of Rs 8,70.8 crore and EBITDAR of INR 86.7 crore for the quarter ended March 2020.With the prevailing uncertainty due to pandemic, we are not in a position to provide capacity growth guidance," the airline said in a statement. My name is Craig Loudon, and I’m the Chief Financial Officer. Revenue rose 5.27% year-on-year to Rs 8,299 crore in thequarter ended March. The airline however continued to incur expenditure related to employee salaries, aircraft lease rentals and other expenses, which impacted profitability. Revenue rose 5.27% year-on-year to Rs 8,299 crore in the quarter ended March. Interglobe Aviation, the operator of India’s largest airline IndiGo announced its fourth-quarter results on Tuesday June 2. Good morning, and thank you for joining us to review Indigo’s fourth quarter fiscal 2020 results. Total cost increased 26% even as fuel cost per available seat kilometre declined over last year.Revenue for 2019-2020 stood at Rs 35,756 crore compared with Rs 28,497 crore a year agoNet loss of Rs 248 crore versus a net profit of Rs 156 crore for the previous yearIndiGo’s operations were severely impacted due to the Covid-19 pandemic. We are positioning ourselves to be a stronger brand, to have a more efficient fleet and a lower cost structure. A total of 262 aircraft as of March 2020.The Company’s CEO, Mr. Ronojoy Dutta said, “In the midst of every crisis, lies great opportunity. Corona: IndiGo posts loss of Rs 871 crore in Q4; GoAir extends leave without pay of many employeesIndia's smartphone market sees 51% decline, hopes to recover in festive season âââââââMukesh Ambani becomes worldâs fourth-richest person Centibillionaire club: Mark Zuckerberg joins Jeff Bezos and Bill Gates Microsoftâs acquisition of TikTok: The likely âIndian angleâ Grocery shopping tips to stay safe amid coronavirusFace shields for an added protection when you step out of your homeWebcams with built-in mic for easy vlogging and conferencing
GAAP results include a $450 million charge for the closure of the Microsoft Store physical locations in the fourth quarter of fiscal year 2020.
To get travel updates directly on your mobile, save and send a message at 9461777617 on Whatsapp to start. Microsoft today reported its earnings for the fourth quarter of its 2020 fiscal year. India’s biggest carrier IndiGo plunged to a loss for the Jan-Mar quarter from a profit a year earlier on a weak operating performance. For reprint rights: Times Syndication ServiceNEW DELHI: The devastating impact coronavirus has had on airlines is now showing.
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