civil aviation market with a 30% share (followed by Jet and Air India) and is one of the few to post profits, which increased six-fold in FY13 to R787 crore.
Bhatia added that the current trend of high ticket prices is not normal for low-cost airlines, but it was necessary because of rising input costs. “The weak rupee and high fuel prices are putting pressure on margins. Airlines are dependent on currency costs. But the religion in IndiGo is to keep prices low, otherwise I don’t think we can grow at 20-30% annually. What you are seeing right now is an anomaly,” he said.