ADVERTISEMENT
IndiGo Expects No Growth In Q3 As Slowdown Hurts; Capacity Expansion Slows
This time it’s “unusual”, Ronojoy Dutta, CEO at InterGlobe Aviation, said.
25 Oct 2019, 02:54 PM IST
India’s largest airline doesn’t expect its unit revenue to grow in the ongoing quarter as a slowing economy forced people to cut travel during the festival period. And delayed delivery of fuel-efficient aircraft is expected to hurt profit.IndiGo, operated by InterGlobe Aviation Ltd., is witnessing subdued revenue growth during the festive season, the carrier’s management in its second-quarter earnings call. October is a month of fest...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT