Indigo gains as brokerages stay hopeful on profitability despite airline’s widening losses in Q2

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IndiGo’s losses surged to Rs 1,583.34 crore in the September quarter owing to higher fuel costs and foreign exchange loss. The airline, also the world’s seventh largest in terms of daily departures, reported a loss of Rs 381.8 crore, excluding the foreign exchange loss of Rs 1,201.5 crore, in the latest quarter under review.

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