October 24, 2019 / 10:44 AM / 4 months ago

India's IndiGo reports $150 mln loss in Sept-quarter as costs surge

BENGALURU, Oct 24 (Reuters) - InterGlobe Aviation Ltd , the owner of India’s biggest airline IndiGo, reported a bigger loss in the September quarter, hurt by higher expenses and as the aviation industry grapples with slowing passenger growth in a sluggish economy.

InterGlobe said net loss in the three months to Sept. 30 widened to 10.66 billion Indian rupees ($150.1 million) from 6.52 billion rupees in the same period last year. Total costs rose 27.6%.

Revenue from operations surged 31% to 81.05 billion rupees. ($1 = 71.0125 Indian rupees) (Reporting by Sachin Ravikumar; Editing by Arun Koyyur)

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