The two no-frills carriers IndiGo and GoAir helped moderate industry losses by posting profits in the range of $150-175 million and $ 14-15 million, respectively.
Combined losses of Indian airlines that reduced by around 30% in the last financial year on account of lower fuel prices, according to aviation advisory firm Centre for Asia Pacific Aviation (CAPA).
Combined losses of the country’s three full-service carriers Air India, Jet Airways and Vistara.
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