Board recently approved raising upto Rs 3000 crore via QIP. IndiGo reported 4q loss which was ~2x of Q3 despite capacity/traffic up QoQ. Q4 FY21 loss at Rs 1147 crore vs. Q3 loss of 620 crore. Q4 loss of Rs 1200 crore higher led by weaker risk, FX loss of Rs 120 crore. Rise in crude prices led to sequentially higher cash burn despite elevated level of operations. Expects 80mn passengers to fly domestically and 16 million to fly abroad in FY22. Indian airlines are likely to incur combined loss of $8bn over FY21 and FY22. Indian airlines likely to see losses of $4.1 billion this fiscal. Indian airlines to incur losses due to Covid. Watch the full interview with Ronojoy Dutta, CEO, IndiGo on Reboot India.
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