INSUBCONTINENT EXCLUSIVE:
industry grapples with slowing passenger growth in a sluggish economy.The airline's owner InterGlobe Aviation's net loss in the three
Depreciation and amortisation costs grew more than fivefold to Rs 1,029 crore, while costs related to aircraft repair and maintenance nearly
earlier.The results come against the backdrop of an escalating tussle between IndiGo co-founders Rakesh Gangwal and Rahul Bhatia over
corporate governance issues, which some analysts say could hinder high-level decision making at the airline.The quarterly loss also comes as
Asia's third-largest economy grows at its slowest pace in years and domestic passenger growth cools.Passenger traffic in India rose only
quarterly revenue from operations surged 31 per cent to Rs 8,105 crore as the Gurugram-based carrier flew more customers and introduced new
destinations.IndiGo and smaller rival SpiceJet have benefited so far this year from the collapse of cash-strapped Jet Airways, once
country's largest private carrier, as both raced to fill Jet's vacated slots.Get Breaking news, live coverage, and Latest News from
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