IndiGo logs profit for 4th quarter in row – Times of India

by The Technical Blogs

NEW DELHI: IndiGohas reported a profit of Rs 189 crore in the September quarter, against a loss of Rs 1,583 crore in Q2 last fiscal. India’s largest domestic airline saw its total income rise 21% to Rs 15,503 crore this Q2 from Rs 12,582 crore last year. The airline’s capacity increased by 27.7% and passengers carried rose 33.4% to 2.6 crore in the traditionally weakest travel quarter.IndiGo scrip closed flat at Rs 2,509 on the BSE on Friday.
IndiGo CEO Pieter Elbers said: “… Another profitable quarter despite seasonal fluctuations and external headwinds coming into play. With our clear strategy and focus on execution, we have completed a full cycle and remained profitable for the last four quarters. We continued to augment our network both domestically and internationally as we added 10 new destinations in the past few months, taking the total number of destinations to 115.” The airline had a total cash balance of Rs 30,666 crore as on September 30.

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