Indian airlines operated fewer flights this Diwali; here’s why

Business Today reported that Indian airlines operated fewer flights this Diwali, and that IndiGo, the country's largest carrier, reduced capacity by 1% and carried 4.5% fewer passengers in the quarter ended September. The report gives the airline's own figures for that quarter; it does not give a reason for the lower flight count beyond the headline's reference to Diwali. Capacity here means the number of seats an airline puts up for sale, so a 1% cut is a small reduction in the seats on offer. The quarter ended September is the second quarter of India's financial year, July to September. Passenger numbers are the people who actually flew, so a 4.5% fall means fewer seats sold than in the same quarter a year earlier. The report does not give the airline's profit or revenue for the quarter.

AI summary of what Business Today reported. AI can make mistakes. Read the full story on Business Today

Learn: What is an exchange filing?