Sunday, June 06, 2021

Bright spots in IndiGo’s earnings: Airline adds more aircraft, looks to extend cost advantage

IndiGo, India's largest carrier by fleet and domestic market share, announced a huge loss of Rs 5,806.4 crore for the financial year 2020-21. While the year has been an aberration and could be best forgotten, there is one area in which the company has had a laser-sharp focus—fleet renewal.

Last year, by end of March the country had already slid into a lockdown and the airline closed the quarter and financial year with a fleet of 262 aircraft, which comprised a mix of 100 A320neos, 123 A320ceos, 14 A321neos and 25 ATRs. Twenty-nine of these were owned or on a finance lease, the remaining on an operating lease.

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