They may be waiting to see what happens to the Bangkok Airways IPO, which is priced at the higher end of expectations but they should not wait too long. IndiGo, the most profitable carrier in India, has seen profits more than halve due to FX losses and the huge price ongoing price war raging in the country at this time. IndiGo posted a net profit of Rs 317 crore for the twelve months ended March 31, 2014 from an Rs 787 crore profit for 2013FY. Revenue rose 18% to Rs 11,117 crore for 2014FY from Rs 9,458 crore in FY13.

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