India’s IndiGo sees 4Q 2016 profit dip

Credit: Rob Finlayson
Indian low-cost carrier (LCC) IndiGo reported a 4Q 2016 net profit of INR5.79 billion ($87.4 million), up a scant 0.3% compared to a net profit of INR5.77 billion in the year-ago period. IndiGo president Aditya Ghosh said the airline would continue to reduce fuel costs, which he described as “the...

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