IndiGo’s plan to raise fares sends stock up over 10%
Shares of InterGlobe Aviation surged over 10% to ₹1,816.20 after the company said it is planning to raise fares to return to profit after posting a loss in the March quarter.
The company, which runs India’s biggest airline IndiGo, posted a consolidated net loss of ₹1,681 crore for the quarter, which had widened compared to the net loss of ₹1,159 crore a year ago.
