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IndiGo's quarterly profit flies by over 37% to ₹811 crore

IndiGos quarterly profit flies by over   37% to ₹811 crore

Interglobe Aviation, that owns the country's largest airline IndiGo, on Monday reported its highest quarterly profit with a 37.1 per cent increase in bottom line at Rs 811 crore for the three months to June.

The New Delhi-based carrier, that enjoys over 40 per cent market share, said its revenue clipped past 25.6 per cent to Rs 5,955 crore, driven by higher passenger revenue that grew 5.5 per cent and higher load factor that grew 4.7 per cent pushing up the overall yields by 200 bps. The airline attributed the good set of numbers to overall improvement in all key operational metrics, including overhead cost, which declined by 2.5 per cent.

Agencies

Agencies

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