Indigo posts higher-than-expected profit on the back of strong travel demand

India’s largest airline by market share Indigo expects grounding of more aircraft in the fourth quarter (January-March) of the financial year 2024, its chief financial officer Gaurav Negi informed during an analyst call on Friday.

“These accelerated inspections and incremental shop visits will further adversely impact our operating fleet from Q4 onwards, and will lead to higher number of groundings,” he said, adding that the airline is awaiting more information from Pratt & Whitney.