IndiGo raises fares, but fuel surge keeps losses high
Indian markets moved higher in a quarterly results development.
· LiveMint Companies
IndiGo’s revenue rose 26% year-on-year to ₹23,364 crore due to a hike in average yields, helping narrow its second-quarter net loss to ₹1,879 crore. However, a spike in fuel costs and softening passenger demand continue to squeeze the airline’s core operating margins.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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