Indigo Airlines, country’s largest airlines in terms of market share has reported a loss of Rs.1,062 crores in the last quarter of July-September 2019 following which the Chief Executive of the airlines has addressed his employees.
In his addressal to his employees that everyone stands committed to the airline’s future and also in return asked for their support in dealing with what the airline calls a weakening revenue environment.
The loss reported in the last quarter is almost double of that as compared to last year’s same quarter report.
CEO Ronojoy Dutta explained in detail how the reported losses have increased including the one put out earlier that hat the operating lease liabilities, particularly the exchange rate changes resulted in higher payouts.
“We will be dealing with the weakening revenue environment with a sharper focus on cost for which we seek your support. Operationally, we should continue our focus on safety, our on-time performance and on delivering a courteous, hassle-free service,”
he said.
Also, there may be internal communications on how the costs can be cut down without compromising on the safety and comfort of the passengers.
The CEO also pointed out that the unit revenue stood steady at a 5.7% increase while only the unit costs had gone from 1.5% to 2.8% resulting in the unexpected loss.
Dutta has rounded off his communication to the IndiGo employees by pointing out that the company has only recently placed orders with Airbus for additional aircraft a mix of A320neos, A321neos and A321XLRs.
Let’s hope Indigo bids goodbye to the bad times and comes out stronger.
Also Read: Master Strategies Of Indigo That Make It Successful Even In Struggling Economy
