IndiGo reports biggest quarterly loss, cuts expansion targets
By Sachin Ravikumar, Aditi Shah BENGALURU/NEW DELHI: India’s biggest airline IndiGo reported its biggest ever quarterly loss on higher maintenance costs and cut capacity expansion targets, at a time when the industry is grappling with slowing passenger growth in a sluggish economy. IndiGo parent InterGlobe Aviation Ltd’s net loss grew to 10.66 billion rupees ($150 […]