Why did IndiGo share price fall 5% post Q1 2024-25 results? Read here

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Why did IndiGo share price fall 5% post Q1 2024-25 results? Read here - Business Standard

Quick Summary:

Some of the states have increased value added tax (VAT) on aviation turbine fuel (ATF), while airport partners have jacked up airport charges due to inflationary cycle," the management highlighted in their post Q1FY25 earnings conference call.

Notably, IndGo entered into a codeshare partnership with Japan Airlines during Q1FY25, under which Japan Airlines' customers will be able to travel to 14 Indian cities through Delhi and Bengaluru."Long haul is a new market for IndiGo.

Cost of available seat kilometer (CASK) also rose 11 per cent Y-o-Y on higher fuel cost and increased damp leases.