Profit Drops 18.3% Amid Forex Loss, Dollar Hedging and Global Expansion Key to Mitigating Volatility

The comments come after the profit of India’s largest airline operator fell 18.3% to Rs 2,448.8 crore over the previous year, according to an exchange filing on Friday. This was primarily due to the carrier incurring a foreign exchange loss of Rs 1,456.4 crore between October and December.

Elbers…