NEW DELHI, Feb. 5 -- InterGlobe Aviation Ltd's December quarter results show that its post-pandemic recovery will be a slow and long-drawn-out process. Revenue from operations fell 50.6% to '4,910 crore, on the back of a 50% decline in passenger volumes. InterGlobe runs India's largest airline, IndiGo.
The company also reported a loss of '626 crore, which is higher than the '438 crore loss the Street was expecting, according to a Bloomberg poll.
To be sure, there is a gradual improvement.
The company said on a call with analysts that its daily cash burn dropped to '15 crore in the December quarter, compared to '25 crore in the September quarter and '30 crore in the June quarter. However, given that the March quarter is a seasonally leane...