Indigo airlines losses are spiking 😶

Indigo airlines losses are spiking 😶

Indigo airlines lost more than ₹3,000 crores during the last 3 months, with travel freezing and no signs of rebound in sight.

This’d be the 6th straight quarter of losses for the business, with revenues down 56% from the quarter before.

Without explicit doles or rescue offers from the government, things aren’t looking too bright for the entire sector!

Meanwhile, optimists remain optimistic 🤷‍♀️

Rakesh Jhunjhunwala is expecting government approvals for his new airline venture within the next 15 days — a venture that the big bull will be seeding with $35 million, for 40% ownership. The airline is expected to have a 70 plane fleet within the next 4 years!