IndiGo flies high despite turbulence from a falling rupee
The October-December period is usually the best for Indian airlines as the festive followed by the wedding season and year-end travels drive up demand for air transport.
“We have delivered exceptional third quarter results and there were several driving forces that have led to this- a substantial growth in demand for air travel, continuation of strategic expansion across markets and an enhanced operational performance fueled by the festive period,” IndiGo CEO Pieter Elbers said.
Elbers said that he expects the demand to continue despite a slowdown in other consumer sectors. The airline will increase its capacity by 20% in the ongoing quarter.
The airline, he said, had 90 % seats full for the last two months and carried a record 10 million customers in November.
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