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 ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "IndiGo Profit Falls While Rapid Expansion Continues".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.