IndiGo eyes more foreign flights as foreign exchange losses sting

ing profit to a loss.

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Chief executive Pieter Elbers said that as a strategy, the airline was looking at “internationalization”. REUTERS

The airline saw a decrease in yields to ₹4.69 for the September quarter against ₹4.98 in the June quarter

The IndiGo fleet had 417 aircraft at the end of the September quarter, one more than in the June quarter, and seven more than a year earlier. Operating and damp lease aircraft saw a decline sequentially, but the airline saw finance lease increase significantly.

IndiGo has also revised its capacity guidance to the "midteens", an improvement over the "double-digit growth" it had said at the start of the year.

Elbers said that optimized capacity deployment has already enabled it to deliver a 10% growth in revenue and, excluding the impact of the currency movement, an operational profit of ₹104 crore as compared to an operational loss last year.