IndiGo Plans Product for Business Fliers, Posts Profit Beat
- IndiGo sees ‘similar revenue environment’ in 1Q as last year
- Jet groundings related to engine woes are stable, CFO says
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IndiGo announced plans to launch a premium product within months to woo India’s first-time business travelers after announcing a quarterly profit that beat analysts’ forecast.
The country’s biggest airline will introduce a “tailor-made” product for India’s “busiest and business routes” by the end of the year, it said in a filing Thursday. The product is aimed at those who want to “travel business, perhaps for the first time in their lives,” Indigo said, adding that it will release details about the premium offering and routes in August.