https://www.taxtmi.com/news?id=31420 IndiGo's quarterly profit decline was primarily driven by a foreign exchange mark-to-market loss from rupee depreciation; management reported gains on some hedging contracts, plans to hedge 60-70% of positions across a rolling 12 month horizon, and will factor natural international revenue inflows into hedging coverage. Operational responses include capacity expansion, exploring wet leased long range aircraft to address AOG constraints, and an expectation that grounded aircraft will decline next year. The company also disclosed fuel cost reductions alongside higher total costs and its capitalised operating lease liability within total indebtedness. en-us Fri, 24 Jan 2025 21:16:03 +0530 Fri, 24 Jan 2025 21:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31420 IndiGo's quarterly profit decline was primarily driven by a foreign exchange mark-to-market loss from rupee depreciation; management reported gains on some hedging contracts, plans to hedge 60-70% of positions across a rolling 12 month horizon, and will factor natural international revenue inflows into hedging coverage. Operational responses include capacity expansion, exploring wet leased long range aircraft to address AOG constraints, and an expectation that grounded aircraft will decline next year. The company also disclosed fuel cost reductions alongside higher total costs and its capitalised operating lease liability within total indebtedness. News - Fri, 24 Jan 2025 21:16:03 +0530 https://www.taxtmi.com/news?id=31420