IndiGo appoints Ronojoy Dutta as Chief Executive

Earlier, the airline reported a rise in airfare in November, December and stretching into January after suffering a year of decline, and said it would boost growth with the expansion of international services. The optimism comes after major carriers swung to a loss in July-September as high oil prices, a weak rupee and domestic price competition eroded margins, leaving IndiGo’s debt-laden rival Jet Airways Ltd struggling to stay in the air. For InterGlobe, the September quarter marked its first loss since debuting on the stock exchange in 2015. InterGlobe on Wednesday returned to profit in October-December, albeit a 75% fall from the same period a year earlier to ₹191 crore ($26.80 million) due to higher costs.