Contest in the skies: IndiGo blames rival carriers for pricing pressure

The airline posted its first-ever loss since its IPO in 2015

India’s largest airline, IndiGo, on Wednesday posted its first-ever loss since its public listing. However, it vowed to aggressively participate in a price war that now threatens to saddle India’s airlines, faced with a high fuel price and a weaker rupee, with heavy losses.

The airline blamed rivals for the prolonged low-fare environment, saying that it has no option but to match the fares in order to hold onto its market share. "At IndiGo, it is never our practice to take the lead in discounting fares but, as due to the current industry environment, other airlines, desperate to raise cash,