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India's IndiGo narrows quarterly loss on pricing actions
IndiGo parent InterGlobe Aviation on Thursday posted a smaller second-quarter loss as India’s top airline undertook pricing actions to offset rising fuel costs. The company reported a loss of 20.55 billion rupees ($215.73 million) in the quarter ended September 30, CEO Willie Walsh’s first after he took over as the company’s head in August this year, from a loss of 26.14 billion rupees in the year-ago period. Indian airlines have been leaning on tighter cost controls and pricing actions to offset elevated fuel expenses in an otherwise seasonally softer travel period. Travel demand typically mo...
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