04-Nov-2008 5:16 PM
IndiGo reports first ever fall in passenger traffic
Analysis
IndiGo reported its first monthly contraction in passenger numbers in Sep-08 since it launched operations in Aug-06, suffering the consequences of India's domestic slowdown in demand. The Ministry of Civil Aviation reports IndiGo's passenger numbers fell 8.1% year-on-year in Sep-08 to 271,000, while its load factors were also weak at 56% (year-on-year comparisons not disclosed).
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