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India’s two listed airlines, IndiGo and SpiceJet, are expected to post strong profits for the three-month period ended December 31, 2023, helped by strong growth in passenger traffic and lower fuel costs. “The combination of passenger load factors trending above 85% and lower fuel prices is setting the stage for a strong Q3 show by Indian airlines,” Ansuman Deb, lead analyst, ICICI Securities, said in a research report last month. While the
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