The Economic Times

Cross-ownership could create conflict of interest, says IndiGo MD; airline posts Rs 382 crore Q1 loss despite 20% revenue growth

IndiGo warns against airport operators owning airlines, citing a massive conflict of interest. The airline reported a significant quarterly loss due to soaring jet fuel prices. Government officials are considering a proposal to relax ownership rules for airport operators. IndiGo's revenue increased, but expenses rose sharply, impacting profitability. Capacity growth is expected to remain flat for the current quarter.