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Lessons for aviation sector from IndiGo’s new financial results

Oct 03, 2024 01:04 AM IST

IndiGo's ₹1894 crore profit challenges myths of India's airline sector's inherent losses, highlighting mismanagement as a key issue for struggling airlines.

India’s largest private airline declared impressive profits of 1894 crore for the fourth quarter of FY 2024 and for the first quarter of the present financial year, busting two myths that surround the airline business in India while establishing a couple of maxims.

Mumbai, India - May 28, 2020: Planes parked at The Chhatrapati Shivaji Maharaj International Airport. A media tour was conducted witness the preparedness at CSMIA post resuming its domestic air service operation in Mumbai, India, on Thursday, May 28, 2020. (Photo by Satyabrata Tripathy/Hindustan Times) (Satyabrata Tripathy/HT Photo)
Mumbai, India - May 28, 2020: Planes parked at The Chhatrapati Shivaji Maharaj International Airport. A media tour was conducted witness the preparedness at CSMIA post resuming its domestic air service operation in Mumbai, India, on Thursday, May 28, 2020. (Photo by Satyabrata Tripathy/Hindustan Times) (Satyabrata Tripathy/HT Photo)
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