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Aviation

IndiGo reports airfares rising after a year of declines

Updated : January 24, 2019 09:15 AM IST

The optimism comes after major Indian carriers swung into the red in the September quarter as high oil prices, a weak rupee and intense domestic price competition eroded their margins, leaving IndiGo's debt-laden rival Jet Airways Ltd struggling to stay afloat.
For IndiGo's owner InterGlobe Aviation Ltd, July-September marked the first loss since its debut in 2015.
IndiGo reports airfares rising after a year of declines
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