IndiGo's Q3 profit plunges 75%

Airline takes ₹577 crore hit from mass cancellations in December

- HTC and Agencies

The airline, whose domestic capacity was curtailed by 10%, said quarterly revenue grew 6.2% to ₹23,472 crore.

India’s largest airline IndiGo reported a 75% drop in quarterly profit on Thursday after taking a ₹577 crore ($63 million) hit due to mass cancellations in December that led to one of the country’s worst aviation crises.

IndiGo, which commands nearly two-thirds of the country’s aviation market, is facing a competition probe and increased regulatory scrutiny after it cancelled several thousand flights in early December due to poor roster planning. The move left scores of passengers stranded and threw airports into chaos.