The fine was the largest ever imposed by the Indian authority
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Shares of IndiGo rose 3.5% on Monday even after India's aviation regulator fined the budget airline a record $2.45 million for mass flight cancellations last month.
Although the fine was the largest ever imposed by the Indian authority, it represented just 0.31% of IndiGo's annual profit for fiscal 2024/25.
(Reporting by Brijesh Patel in Bengaluru; Editing by Sherry Jacob-Phillips)
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