IndiGo reported another quarter of rising revenue, helped by a solid rebound in domestic travel late in the summer. But a weaker rupee — down about 4% against the dollar — drove up the cost of everything from aircraft leases to maintenance and fuel.
That meant wider losses: INR 25.8 billion ($291 million) in the quarter versus INR 9 billion ($101 million) during the same period last year. More than 60% of IndiGo’s expenses are dollar-linked.
CEO Pieter Elbers said the airline’s growing international network should eventually help offset that pressure. By earning more in dollars, euros, and pounds, IndiGo gains a “natural hedge” against currency swings — a cushion that grows as the carrier flie
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