Severely hit by the rise in jet fuel prices and higher exchange rate, India's largest airline, IndiGo, posted a loss of ₹1,681 crore in the quarter ended March 31 (Q4).
The airline's fuel expenses increased 68 per cent to ₹3,220.58 crore in Q4, from ₹1,914.45 crore in the corresponding period last year.
The loss was significantly higher than the average estimate of ₹830 crore from analysts tracked by Bloomberg.
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