IndiGo, the country's largest air carrier by passengers carried , had an operating loss of Rs 88 crore in 2011-12, states a report in Business Standard.
The report further states that the above mentioned news was according to an answer tabled in Parliament yesterday.
The Gurgaon-based airline's operating expenses during the year were Rs,640 crore as compared to an operating revenue of Rs. 5552.4 crore due to it starting international routes, which take atleast 2-3 years to break-even, say industry watchers.
IndiGo had made a profit of Rs. 18.1 crore in 2008-09, Rs. 446.7 crore in 2009-10 and Rs. 602.4 crore in 2010-11, before it started flying international.
13/12/12 Moneycontrol
