India’s largest airline by market share, IndiGo, has reported a loss for the third consecutive quarter, hit by rupee depreciation and a sharp rise in fuel prices. Fuel prices are among the few variables an airline cannot control. Many other costs — including excise duty, airport charges and regulatory fees — are influenced by stakeholders, particularly the Government. Policy intervention can make a difference. Since Independence, aviation has often been treated as a luxury industry and taxed accordingly. That perception is outdated. Air travel has become one of the country’s most popular modes of transport, connecting businesses, families and smaller cities. The........

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