IndiGo has reported an 18% decrease in Q3 profit to Rs 2,449 crore despite a 14.6% rise in total income, impacted by the weaker rupee. Benign fuel prices were insufficient to offset dollar-denominated costs. Meanwhile, the airline plans to introduce long-haul flights by wet-leasing six Boeing 787s, targeting routes like London and Paris.
Related Posts
‘Couldn’t have asked for better company’: Zomato CEO’s heartfelt message as rival Swiggy makes market debut
Swiggy, the Indian food delivery giant, debuted on the stock market with its shares opening at a premium. CEO of competitor Zomato, Deepinder Goyal, congratulated […]
Rupee to marginally depreciate against USD in CY25, outperform many of its peers: Report
The Indian rupee is expected to face slight depreciation in 2025 due to volatile FPI flows and a stronger US dollar, according to Bank of […]