IndiGo run by board; if there’s anyone I talk to, it’s Chairman: Ronojoy Dutta

Ronojoy Dutta, CEO, Interglobe Aviation, said there’s no overcapacity in the market and squarely blamed the low fares on new airlines which have pushed the entire sector to losses. In an interview with ET’s Mihir Mishra, Dutta said the management is insulated from the promoters and is professionally run by the board. “I go to the chairman (M Damodaran) for everything,” he said, adding half the total capacity will be deployed in international routes. Edited excerpts:

IndiGo’s Q2 numbers were really bad — is overcapacity the reason?

I do not think overcapacity is a problem. We have so many ideas on how better to connect cities, but we don’t have enough planes. So it’s not overcapacity. Don’t forget, our unit revenues (in Q2) this year are up 5%.