IndiGo CEO Ronojoy Dutta has stated that he expects domestic air travel to recover by its October-December quarter and has already started to see a pick-up in passenger numbers despite a resurgence in COVID-19 infections in the country.
On an analyst call, Dutta said that the "best case scenario" would be that IndiGo would see a return to the February 2021 levels by the third quarter (October-December) of the current fiscal year. Dutta also expects that any meaningful recovery in international travel will now be pushed to the fiscal fourth quarter - January to March 2022.
Meanwhile, IndiGo has confirmed plans to raise up to 30 billion rupees ($412 million) to strengthen its balance sheet using bank credit and sale-leaseback transactions.
IndiGo has announced new flights connecting Darbhanga with Kolkata, Hyderabad from July 5.