New Delhi: IndiGo, India’s biggest airline, warned capacity will slump by 60% in the three months ending 30 September, as the coronavirus pandemic continues to batter the global aviation industry.The airline, operated by InterGlobe Aviation Ltd., said in a statement to stock exchanges Wednesday that “the aviation industry is going through a crisis of survival.
IndiGo had a total cash balance of ₹18,431 crore as of 30 June, and total debt of ₹23,552 crore"."The aviation industry is going through a crisis of survival and therefore, our cash balance remains our number one priority," said Chief Executive Officer Ronojoy Dutta."However, we also recognise that major disruptions offer companies opportunities for improvement in product, customer.