The announcement was made after market hours yesterday, 10 August 2020.

The company reported a consolidated net loss of Rs 2,844.30 crore in Q1 June 2020 as against net profit of Rs 1,203.14 crore in Q1 June 2019. Total income fell 88.31% to Rs 1,143.82 crore. The aviation firm said that closure of scheduled operations till 24 May 2020 and lower capacity deployment thereafter on account of COVID-19 had significantly impacted the latest quarterly result.

InterGlobe Aviation (IndiGo) is a low cost carrier. It had a fleet of 274 aircraft as of 30 June 2020.