IndiGo to push international growth for higher profit
IndiGo will take more deliveries of the longer-range Airbus A321neo aircraft next year as it plans to launch more international flights, its interim CE said Wednesday after the company's profit fell sharply. "We are focussed on building a large and profitable air transportation network in and out of India and are adding capacity in line with our long-term growth plans," Rahul Bhatia said after the airline's quarterly profit fell 75% on high fuel costs and a weak rupee in a competitive domestic market. IndiGo, which took deliveries of 55 aircraft in 2018, has a 41.5% share of the domestic market but carries only 6% of the country's international passengers. It expects to expand its passenger carrying capacity by 34% in the Jan-March quarter, with almost a third of it coming from international routes using the longer-range A321neo planes. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-01-25/unaligned/indigo-to-push-international-growth-for-higher-profit
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IndiGo to push international growth for higher profit
IndiGo will take more deliveries of the longer-range Airbus A321neo aircraft next year as it plans to launch more international flights, its interim CE said Wednesday after the company's profit fell sharply. "We are focussed on building a large and profitable air transportation network in and out of India and are adding capacity in line with our long-term growth plans," Rahul Bhatia said after the airline's quarterly profit fell 75% on high fuel costs and a weak rupee in a competitive domestic market. IndiGo, which took deliveries of 55 aircraft in 2018, has a 41.5% share of the domestic market but carries only 6% of the country's international passengers. It expects to expand its passenger carrying capacity by 34% in the Jan-March quarter, with almost a third of it coming from international routes using the longer-range A321neo planes. <br/>
