IndiGo net soars 50% in Q3 - News Summed Up
IndiGo net soars 50% in Q3

IndiGo net soars 50% in Q3

January 25, 2018 00:11 UTC

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IndiGo net soars 50% in Q3


Low-cost carrier (LCC) IndiGo, which reported over 50% jump in its third-quarter net profit on Wednesday, said it will be seeking route rights and other regulatory approvals from the authorities in order to operate certain international long-haul flights. These approvals, if granted, will shape the airline’s future plans for international operations, it said. Leading LCCs in India including IndiGo and SpiceJet are looking forward to starting long-haul flights, which are expected to offer cheaper fares for the passengers. The airline management said that they are awaiting details of Air India disinvestment as they remain interested in the long-haul operations of the airline. IndiGo is betting on 24% addition to capacity in the coming months due to increase in its fleet on the back delivery of planes.


Source: dna January 25, 2018 00:11 UTC



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