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Story summary
- Airports Economic Regulatory Authority (AERA) ordered a 25% cut in landing and parking charges for domestic flights for three months after IndiGo and Air India's requests.
- The move follows pressures from IndiGo and Air India amid the Iran war.
- International Air Transport Association says airport and navigation charges are the third-largest expense.
- IndiGo's shares rose about 10%.
- The regulator said revenue shortfalls would be addressed in tariff reviews.
