IndiGo AGM: Management faces questions from shareholders on yield, grounded planes, high crude prices
Updated : August 10, 2018 01:16 PM IST
The airline posted a 97 percent drop in net profit, which the management blamed on adverse impact of foreign exchange, high fuel prices and a competitive fare environment.
India’s airlines are facing the brunt of soaring fuel costs, but are unable to pass on the costs to passengers due to fierce competition.
indiGo's A320neo aircraft engine troubles persist.
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