Indigo, which is the nation’s largest airline, is anticipating its quarterly earnings to take successful resulting from a pointy fall in each day bookings.
- Last Updated: March 12, 2020, 11:25 AM IST
- Edited by: Chhavianshika Singh
IndiGo’s guardian InterGlobe Aviation on Wednesday mentioned its quarterly earnings are anticipated to be hit resulting from decline in each day bookings, amid the coronavirus outbreak. “Over the past few days, however, week-on-week, we have seen a 15-20 per cent decline in our daily bookings,” it mentioned in a launch. According to the discharge, the numbers might change from right here primarily based on how the scenario evolves.
“We expect our quarterly earnings to be materially impacted because of the above. “In addition, the rupee has additionally depreciated sharply which could have an adversarial affect on our dollar-denominated liabilities totally on account of capitalised working leases,” it said. IndiGo is the country’s largest airline.
Earlier, budget carrier IndiGo said it is cancelling flights to Doha till March 17, following travel ban imposed by Qatar on Indian nationals due to coronavirus scare.
Qatar has temporarily banned entry of people coming from India and 13 other countries in the wake of coronavirus outbreak, which has infected thousands of people.
In a statement, the airline said it would be cancelling flights to Doha till March 17. “We might be monitoring the scenario carefully and can share additional updates as soon as the ban is lifted,” it said.
Apart from India, the temporary ban by Qatar will also be applicable on people coming from Bangladesh, China, Egypt, Iran, Iraq, Lebanon, Nepal, Pakistan, Philippines, South Korea, Sri Lanka, Syria and Thailand.
“Owing to the journey ban for individuals of a number of nationalities, together with Indian nationals, IndiGo might be cancelling its flights to Doha until March 17, 2020,” the Gurugram-based airline mentioned within the assertion.