October 24, 2018 / 10:21 AM / in 8 months

India's InterGlobe Aviation posts Sept-qtr loss

Oct 24 (Reuters) - InterGlobe Aviation Ltd, owner of India’s biggest airline IndiGo, reported a quarterly loss on Wednesday, hurt by higher crude prices and a weaker rupee.

The company posted a net loss of 6.52 billion rupees ($89.08 million) in the three months ended Sept. 30, compared with a profit of 5.52 billion rupees a year earlier, it said in a statement here

Revenue from operations rose 16.9 percent for the quarter to 61.85 billion rupees.

$1 = 73.1925 Indian rupees Reporting by Tanvi Mehta and Arnab Paul in Bengaluru, Editing by Sherry Jacob-Phillips

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