Indian LCC IndiGo reported a significant drop in profit for the December quarter, as the carrier continues its rapid fleet and capacity growth. The airline achieved a profit of INR1.9 billion ($26.6 million) for the three-month period, its fiscal third quarter. This was down by 75% from the INR7.6 billion profit for the same period a year earlier. The carrier said major reasons for the decline were high fuel prices and currency depreciation. Capacity for the December quarter increased ...


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