India's low-cost conqueror, Indigo, is coming for the likes of Emirates

In taking on the Gulf carriers, Indigo will have to go to war with deep-pocketed rivals in a market that's thick with political risk

Think Emirates just had a bad year? It’s about to get a whole lot worse.

The world’s largest airline by international passengers hit an air pocket in the 12 months through April, with net income falling by more than two-thirds to its lowest level since 2002.

On the far side of the Arabian Sea, meanwhile, an upstart competitor has been limbering up. InterGlobe Aviation Ltd. looks to have flown clear of a horror year for India’s aviation industry, posting a fourfold increase in fourth-quarter profit Monday as the collapse of Jet Airways India Ltd. allowed the rest of the industry