IndiGo has reported a loss of Rs 1,064.3 crore in the April-June 2022 quarter — down by almost a third from a loss of Rs 3,174.2 crore in same period last year. The sharp increase in jet fuel prices and a weaker rupee negated gains of a strong recovery in air traffic that saw India’s largest airline (by passenger carriage) carrying 222% more flyers this Q1, thereby leading to the loss. IndiGo’s scrip closed at Rs 1,967, up 1.2% on BSE Wednesday when the broader market ended 0.4% in the green. IndiGo, this turns 16 on Thursday said: “excluding foreign currency loss of Rs 1,424.6 crore, (its) net profit for the quarter aggregated to Rs 360.3 crore.” IndiGo’s total income this Q1 was Rs 13,018.8 crore, up 311% from Rs 3,170.3 crore in same quarter last year. However, total expenses also rose 122% from Rs 6,344.4 crore in April-June 2021 to Rs 14,083.1 crore this Q1.