India's IndiGo forecasts higher fourth-quarter demand
(Reuters) -Indian airline IndiGo on Friday said it expects strong air travel demand in the fourth quarter of the ongoing fiscal year, but forecast a drop in yields on higher capacity. IndiGo said it sees capacity measured in available seat kilometres (ASK) rising 20% year-on-year in January-March, helped by a constant stream of aircraft deliveries from Airbus in 2024. However, this is likely to pull yields down by a low single-digit percentage, finance chief Gaurav Negi said in a post-earnings call, compared to the previous year when engine-related groundings had constrained capacity and propped up yields.