March 12, 2020
- In
January and February 2020, IndiGo experienced modest impact from the
Coronavirus. We cancelled our flights to China and Hong Kong and reduced
frequency to certain other South-east Asia markets. This capacity was
redeployed in other markets without having a material impact on our
revenues.
- Over
the past few days however, week-on-week, we have seen a 15-20% decline in
our daily bookings. Please note that the numbers could change from here
based on how the situation evolves.
- We expect our quarterly earnings to be materially
impacted because of the above. In addition, the rupee has also depreciated
sharply which will have an adverse impact on our dollar denominated
liabilities primarily on account of capitalized operating leases.
About
IndiGo
IndiGo
is amongst the fastest growing carriers in the world. IndiGo has a simple
philosophy: offer low fares and on-time, courteous, hassle-free service. With
its fleet of over 250 aircraft, the airline offers over 1500 daily flights
and connects 63 domestic destinations and 24
international destinations. For more
information, please visit www.goIndiGo.in. You can also connect with us
on Facebook, Twitter and Instagram.
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