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India’s IndiGo does not expect to be profitable until 2022

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Indian low-cost carrier IndiGo does not expect to be profitable in the next 18 months, according to the CEO of InterGlobe Aviation, which operates the airline. 

At the moment, the airline is flying at about 32% of its capacity, Ronojoy Dutta said on Friday.

IndiGo is one of the largest carriers in the country, with a fleet size of 274 aircraft as of June. It also operates international flights. 

“It’s going to be very hard to get profitable at this low levels of flying. But our plan is that we should be at 75% of capacity by early next year. Once we hit that number, we see a better shot at getting profitable,” Dutta told CNBC’s “Street Signs Asia.”

“We won’t be profitable for the next 18…



Source cnbc.com

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