IndiGo Q3 Profit May Plunge 65% as Peak Quarter Turns Worst, Says Nuvama
India’s largest airline, InterGlobe Aviation Ltd (IndiGo), is facing a turbulent financial outlook as brokerage firm Nuvama has projected a sharp 65% plunge in its Q3 profit, turning what is traditionally considered the peak quarter for airlines into one of the worst. The report highlights a combination of rising costs, operational challenges, and weaker-than-expected demand…