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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India’s largest airline surprisingly doesn’t seem to have a hedging strategy that is good enough to guard against a weakening rupee. This could potentially clip its wings.
Things couldn’t be better for IndiGo and its chief executive Pieter Elbers. After dominating India’s domestic skies for yet another year, the country’s largest airline is set to end it on a high. In December, its stock will join the 30-share BSE Sensex—alongside investor favourites like Reliance Industries, TCS and HDFC Bank.
Yet one factor threatens to spoil the party: currency.
A large share of IndiGo’s costs are dollar-denominated. Every time the rupee weakens, the airline’s bottom line takes a heavy hit—almost Rs 900 crore for every Re 1 fall. At current levels, the rupee’s slide could shave up to …
As the low-cost carrier pushes through a compensation overhaul, the absence of a CEO is complicating a delicate moment.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
