IndiGo shares give up half of Wednesday’s gains after oil jump, HSBC target cut
Shares of InterGlobe Aviation Ltd., the parent company of IndiGo, opened 4% lower on Thursday, April 2, after the airline announced a revision in fuel surcharges effective the same day. The revised fuel charge structure is now distance-based, making short-haul travel cheaper while increasing costs for medium and long-haul routes. For domestic routes, fuel surcharges…
