Kotak mentioned that recent data points reflect the impact of IndiGo’s capacity cuts, which appear to be happening at a slightly faster pace than its key peer. “We would not take this as a sign of weakening demand,” it said.
Kotak mentioned that recent data points reflect the impact of IndiGo’s capacity cuts, which appear to be happening at a slightly faster pace than its key peer. “We would not take this as a sign of weakening demand,” it said.