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IndiGo's Q4Fy22 loss widens to Rs 1,682 cr Indigo Q4FY22
Representative Image: Pixabay

IndiGo's Q4Fy22 loss widens to Rs 1,682 cr

India Blooms News Service | @indiablooms | 25 May 2022, 09:13 pm

Mumbai: InterGlobe Aviation which runs budget airlines IndiGo said Wednesday that its losses in Q4FY22 went up to Rs 1,681.80 crore compared to Rs 1147.20 crore in the year-ago period.

Total income in the quarter increased to Rs 8,207.50 crore Y-o-Y from Rs 6,361.80 crore in the same quarter last year.

EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring or rent cost) for the quarter ending March 31, 2022, fell 73.50 percent YoY to Rs 171.80 crore from Rs 648.30 crore.

EBITDAR margin dipped 830 basis points to 2.1 percent from 10.4 percent.

The firm said its fuel costs jumped 68.2 percent YoY to Rs 3,220.60 crore for the quarter from Rs 1,914.50 crore in the year-ago quarter.

InterGlobe Aviation's fleet size reduced to 275 aircrafts of March 31 from  283 aircraft as of December 31 and 285 in the year-ago quarter.

A total of 261 were on operating lease and 14 were owned or finance lease as of March 31, 2022.

The company's available seat kilometer (ASK) rose 6.3 percent YoY to 20.4 billion from 19.2 billion.

ASK is a measure of an airplane's carrying capacity available to generate revenues.

Yield, which is calculated by dividing passenger ticket revenue from revenue passenger kilometer, rose to Rs 4.24 from Rs 3.76.

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