(Reuters) – India’s IndiGo airline operator Interglobe Aviation reported an 18.6% drop in third-quarter profit on Friday, as the rupee’s sharp depreciation outweighed steady air travel demand and lower fuel costs.
The country’s top airline by market share reported its profit fell to 24.42 billion rupees ($283 million) in the three months ended Dec. 31 from 29.98 billion rupees a year earlier.
($1 = 86.1940 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)
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