InterGlobe Air Travel Edges Lower After Reporting 6th Successive Quarterly Loss In June Quarter

INSUBCONTINENT EXCLUSIVE:
Shares of InterGlobe Aviation were last trading 1.86per cent lower at Rs 1,675 on the BSE.Share price of InterGlobe Aviation edged lower by
around two per cent on Wednesday, July 28, a day after the aviation company announced its April-June quarter results for the financial year
2021-22
On Wednesday, InterGlobe Aviation opened on the BSE at Rs 1,670, inching to an intra day high of Rs 1,690 and an intra day low of Rs 1,627,
in the trading session so far
of the financial year 2020-21
The company's net loss widened due to muted air traffic, higher oil prices, and depreciation of the rupee.The budget carrier's revenue
The revenue in the June quarter was higher than Rs 766.7 crore registered in the year-ago period.On the NSE, InterGlobe Aviation opened at
Rs 1,681, inching to an intra day high of Rs 1,699.75 and an intra low of Rs 1,626.45, in the session so far
1,675 on the BSE.