The brokerage estimates the tax cuts could lower fuel costs by Rs 1,200 crore to Rs 1,500 crore for IndiGo, while SpiceJet could save Rs 100 crore to Rs 200 crore
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IndiGo, Spicejet In Focus: Delhi, Maharashtra ATF Tax Cut Could Save Airlines Upto Rs 1,500 Crore, Says HSBC
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