The country’s largest airline IndiGo NSE -2.69 % is working with other industry players and the civil aviation ministry to address the “long standing problem” of high indirect tax rate, which currently stands at 21 per cent, according to its chief Ronojoy Dutta.
In his Christmas and New Year greetings to the employees, the IndiGo CEO also flagged that profitability is under considerable pressure owing to low airfares regime at a time when the carrier is focusing on “repairing” its balance sheet.
His views also come at a time when the civil aviation sector is slowly on the recovery path after being battered by the coronavirus pandemic. While various restrictions, including on travel, were being eased till late last month,
