IndiGo to cut fleet size over the next two years amid Covid-19 pandemic
IndiGo will trim its fleet size over the next two years as the coronavirus pandemic continues to weigh on Asia’s biggest budget airline by market value and other carriers around the world.
“Fleet count will be stagnant, go down a little,” Chief Executive Officer Ronojoy Dutta told analysts during a post-earnings conference call Thursday. “In 2022, we will be down slightly, by 2023, we will be up again.”
IndiGo, operated by InterGlobe Aviation Ltd., hasn’t engaged in any “major renegotiation” with Airbus SE on new deliveries, but it will keep returning as many as 40 older planes a year, Dutta said. IndiGo is the world’s biggest buyer of Airbus’s best-selling A320neo-family of jets, having ordered as many as 730 of them, and is the market leader in India.
