Despite achieving its best-ever quarterly net profit of Rs 3,091 crore in the April-June period of the financial year 2023-24 (Q1FY24), InterGlobe Aviation-operated IndiGo is likely to face problems in the near future, as indicated by analysts.
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Indira Gandhi International Airport (DEL) in Delhi is gearing up to enhance the travel experience of both international and domestic travelers with the inauguration of its 2.1 km long dual lane Elevated Cross Taxiway (ECT), on July 14.
Skyrocketing airfares became evident on Sunday for same-day travel, reaching exorbitant levels that were as much as 10 times higher than the typical fares on specific routes.
According to projections from the rating agency ICRA, domestic air passenger traffic reached 1.19 crore in February, a mere 4% decline from pre-Covid levels.
United Airlines flight from Brazil to Houston hit with ‘severe turbulence
Two more airlines under India’s Tata brand shared their results for the last financial year – AirAsia India and Vistara. Like their bigger sibling Air India, both airlines also said raised losses mainly due to successive COVID waves, increasing fuel prices, and depreciation of the Indian rupee against the US dollar.
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India has waived the 11% basic excise charge on ATF purchased from oil marketing firms for domestic airlines operating foreign flights.
IATA official that it is difficult for an airline to make a profit in India because of concerns such as fare limits and hefty taxes
ATF prices were raised by the largest 16 percent increase in history on Thursday, catapulting rates to an all-time high in tandem