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Amid Opec cut, IndiGo to gain with fuel efficient A320 fleet

NEO aircraft can help the airline cut costs and save up to 15% of its fuel expenditure

Arindam Majumder  |  New Delhi 

The proposed cut in oil production has sent boardrooms of various airlines into a tizzy. With existing costs yielding low results owing to the ongoing fare war, the faster-than-expected surge in fuel prices is likely to hurt the strategy of Indian carriers. India's leading domestic carrier IndiGo, however, presented a counter narrative saying that its new fuel-efficient A320 new engine option (NEO) fleet will provide the airlines an adavantage against other domestic carriers. “With a cut in oil production and its prices going up, our advantage will widen as we will ...

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First Published: Thu, December 01 2016. 16:03 IST
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