Passenger Transportation Services
India's IndiGo cuts Q3 capacity, passenger unit revenue forecast after flight cancellations
IndiGo, India's largest airline, announced on Wednesday that it had reduced its forecast for?capacity & passenger?unit revenues?for the third-quarter after the civil aviation regulator ordered the carrier to reduce 10% of its domestic winter flight schedule due to?massive cancellations. The airline has revised its forecast for the third quarter capacity growth to "high single-digit to early double-digit percent." This is down from an earlier estimate of "high teens." The third-quarter passenger unit revenue is expected to moderate by "a mid-single-digit percentage" as opposed to the previous forecast of flat or slight growth. Last week, the budget airline had to cancel...