Q2 2022 Interglobe Aviation Ltd Earnings Call Transcript
Thus, things are looking better on the revenue side, but the increase in input costs are caused for concern.
Looking back, we have had several quarters of unacceptable losses, which have dented our balance sheet. It is now time for repair and healing. But I want to take this opportunity to thank our employees for running a quality airline, paying attention to the customer and for being nimble in generating nontraditional sources of revenue such as cargo and passenger charters.
Now that it looks like we are finally emerging out of the COVID crisis, we are turning our attention back to the 2 key principles of our business model, namely, continue to keep our costs down and grow rapidly.
To summarize, revenues are fast returning to normalcy. Fuel prices are worrisome. We need a rapid return to profitability in order to strengthen our balance sheet, and we are excited about the growth opportunities that lie ahead of us.
With this, let me hand over the call to our CFO, Jiten Chopra.
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