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IndiGo Operator Interglobe Aviation's June-Quarter Profit Surges

The company said its net profit for the three months ended June 30 rose to 12 billion rupees ($174.14 million) from 277.9 million rupees a year ago. Revenue rose 45%.

Photo Credit : Reuters

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Indian airline operator Interglobe Aviation Ltd reported a surge in profit for the June quarter on Friday, benefiting from the collapse of Jet Airways, as more passengers chose to fly its low-cost carrier IndiGo.

The company said its net profit for the three months ended June 30 rose to 12 billion rupees ($174.14 million)from 277.9 million rupees a year ago. Revenue rose 45%.

IndiGo, now the largest airline in the country by market share, reported a 12.8% rise in its yield during the quarter.

(Reuters)


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