India's largest airline, Indigo Airlines, lost unexpectedly for the second quarter in a row. The main reason for the loss was a geographical conflict that boosted fuel expenses. Affected by this, its stock price fell to a new low in more than a month. Indigo's carrier Global Airlines Group saw the biggest intraday decline of 2.74% on Friday, and its stock price hit its lowest point since June 18. The airline announced on Thursday that it had a net loss of 2.38 billion rupees for the quarter ending June 30; media research analysts had previously agreed to expect a profit of 14.3 billion rupees. The company's revenue for the quarter rose 20% year over year to reach 245.84 billion rupees, exceeding market expectations; however, total expenses soared 34% to 258.5 billion rupees. Fuel costs account for about 40% of the airline's total costs, surging 86% year over year this quarter; this foreign exchange loss reached 825 million rupees.

India's largest airline, Indigo Airlines, lost unexpectedly for the second quarter in a row. The main reason for the loss was a geographical conflict that boosted fuel expenses. Affected by this, its stock price fell to a new low in more than a month. Indigo's carrier Global Airlines Group saw the biggest intraday decline of 2.74% on Friday, and its stock price hit its lowest point since June 18. The airline announced on Thursday that it had a net loss of 2.38 billion rupees for the quarter ending June 30; media research analysts had previously agreed to expect a profit of 14.3 billion rupees. The company's revenue for the quarter rose 20% year over year to reach 245.84 billion rupees, exceeding market expectations; however, total expenses soared 34% to 258.5 billion rupees. Fuel costs account for about 40% of the airline's total costs, surging 86% year over year this quarter; this foreign exchange loss reached 825 million rupees.