IndiGo posts a ₹238 crore Q1 loss as cost pressures persist; revenue rises 20% YoY

IndiGo reported its FY2024 Q1 earnings, with revenue up 20% year on year but a net loss of ₹238 crore, swinging from a profit a year earlier. The airline said the loss was driven by sustained cost pressures. The result diverged sharply from market expectations of a temporary profit recovery in the aviation sector, prompting a reassessment of its cost controls and pricing power.