IndiGo Posts Quarterly Loss of 26.62 Billion Rupees, Weighs Fuel Hedging as Costs Surge
India’s largest carrier recorded a net loss of 26.62 billion rupees for the quarter ended March 31, reversing a year-earlier profit. Management said it will explore fuel-hedging options after sharp increases in jet fuel costs driven by crude price pressure related to the Iran conflict. The results were also hit by capacity curbs and a depreciating …