IndiGo rises as higher fares, cost controls offset fuel-cost concerns
IndiGo rises as higher fares, cost controls offset fuel-cost concerns Oct 30 (Reuters) - Shares of IndiGo INGL.NS rose 2.5% on Friday as investors looked past a fuel-hit quarterly loss and focused on the airline's efforts to protect profitability through fare hikes, capacity discipline and network optimisation.
Stock was trading at 4,790 rupees, as of 09:34 a.m. IST, its highest level in two weeks. Benchmark Nifty 50 .NSEI was up 0.16%.
(Reporting by Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
Recent news on Interglobe Aviation
See all newsIndian airline IndiGo jumps to 3-month high as oil prices plunge
India's IndiGo in talks with Embraer to buy 100 jets, sources say
India's IndiGo in talks with Embraer to buy 100 jets, sources say
Refile: EXCLUSIVE-India's IndiGo in talks with Embraer for 100 jets, sources say
Indian airline IndiGo gains on softer oil prices