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FINWIRES

InterGlobe Aviation Swings to Loss in Fiscal Q1

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InterGlobe Aviation (NSE:INDIGO, BOM:539448) posted a consolidated attributable loss of 2.38 billion Indian rupees in the fiscal first quarter ended June 30, reversing a profit of 21.8 billion rupees a year ago.

Loss per share came in at 6.15 rupees, compared with earnings per share of 56.24 rupees a year earlier, according to a Thursday filing to the Indian stock exchanges.

The Indian airline attributed the loss to a combination of fuel price escalation, adverse foreign exchange movement, and the Middle East conflict.

Revenue from operations in fiscal Q1, however, increased to 245.8 billion rupees from 205.0 billion rupees a year ago.

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