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Indigo Owner Interglobe's Profit Rises Five-Fold

Profit rose to 5.90 billion rupees ($84.87 million) for the fourth quarter ended March 31, versus 1.18 billion rupees a year earlier.

Photo Credit : Reuters

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Interglobe Aviation, the owner of India's largest airline by market share, IndiGo, saw quarterly profit rise more than five-fold, as it was able to raise prices, potentially benefiting from the collapse of rival Jet Airways.  

Profit rose to 5.90 billion rupees ($84.87 million) for the fourth quarter ended March 31, versus 1.18 billion rupees a year earlier.

IndiGo's yield, a measure of airfare, rose 12% during the quarter.

(Reuters)


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