IndiGo's Loss Narrows but Fuel Costs Weigh on Airline
IndiGo reported a net loss of Rs 1,879 crore for the quarter, down 27 per cent from a year earlier. Its revenue rose 26 per cent, but high fuel costs held back gains. The airline's CEO said it has no choice but to consider fare hikes.
ContextContext: IndiGo is one of India's largest airlines, and airlines often pass higher costs on to travellers through ticket prices. Jet fuel is one of the biggest expenses for airlines worldwide, so this quarter reflects a wider pressure on the industry.
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