IndiGo says coronavirus situation to hit January-March earnings
Updated : March 11, 2020 09:57 PM IST
The airline is experiencing a fall in daily bookings to the extent of 15-20 percent over the last few days.
In addition, the airline is also bracing for the impact of rupee depreciation as it has dollar-denominated liabilities on account of capitalised operating leases.
The red sign comes from the largest airline which controls nearly 50 percent share in the Indian aviation space and indicates that other airlines are suffering as much, if not less.