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

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