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India airfares likely to fall more as IndiGo plans to expand fleet

Discount carrier aims to add more planes despite quarterly loss

On Wednesday, IndiGo put on sale 100,000 seats at a starting price of 899 rupees to tap into demand ahead of the Hindu festival of Diwali that falls early next month.      © Reuters

MUMBAI (NewsRise) -- IndiGo's plans to add more aircraft to its fleet this year could push down fares further, casting a pall over the financial performance of the south Asian nation's struggling carriers.

The airline, backed by InterGlobe Aviation, on Wednesday reported its first quarterly loss since 2015 in July-September and said it will continue to expand capacity through this year by adding more aircraft.

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