IndiGo to push international growth for higher profit


IndiGo, India’s biggest airline by market share, will take more deliveries of the longer-range Airbus A321neo aircraft next year as it plans to launch more international flights, its interim CEO said on Wednesday after the company’s profit fell sharply.

“We are focussed on building a large and profitable air transportation network in and out of India and are adding capacity in line with our long-term growth plans,” Rahul Bhatia said after the airline’s quarterly profit fell 75 percent on high fuel costs and a weak rupee in a competitive domestic market.

IndiGo, which took deliveries of 55 aircraft in 2018, has a 41.5 percent share of the domestic market but carries only six percent of the country’s international passengers. Read More

You may also read!

Meghalaya HC pulls up airline operators for ‘misleading’ it on Umroi airport operations

The Meghalaya high court has sought an explanation from several airline operators for trying to mislead the court with “false” reasons

Read More...

Air fares soar as IndiGo cancels flights

Air fares to most domestic destinations from Chennai remain high as Indi-Go is cancelling flights daily. Though the number

Read More...

GMR set up sub-committee to consider demerger of airport biz

In what could be a precursor to the GMR group clearing the decks for taking its airports business public,

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu