28Oct, 24 Loss-making IndiGo calls peak of GTF groundings | News
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IndiGo believes groundings of its Airbus A320neo-family aircraft for inspections of their Pratt & Whitney geared turbofan (GTF) engines is likely to have peaked in the mid-70s during its fiscal second quarter.
It made that assessment as it reported a net loss for the seasonally weak July-September period, following seven straight quarters of profit.
“We have now turned a corner with the grounding situation,” said IndiGo chief executive Pieter Elbers during an earnings call on 25 October.
Groundings have already dropped to the …