India's IndiGo sees fare pressures; ongoing A320neo issues

Credit: Rob Finlayson
India-based low cost carrier (LCC) IndiGo reported a net profit of INR5.92 billion ($87.3 million) for its 1Q 2017 period to end June 2016, down 7.4% compared to the same period last year. IndiGo president Aditya Ghosh said profitability was down “primarily because of competitive fare pressures”. “...

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