How IndiGo escaped the blues

The industry, which flies five million people a month today, is expected to grow 7.5 times by 2020. That’s big business with huge, yet unexplored, potential. And in India, as elsewhere, aviation is a multiplayer industry.
Right now, though, there is just one player who is scoring all the goals; the only airline making profits even as competitors flounder with frozen accounts, grounded planes, and massive losses. That player is IndiGo. Consider these numbers.
An unlisted company, IndiGo is not required to publish its profits and revenues, but for fiscal year 2011, it saw a 48 per cent growth in revenues and a profit of Rs.650 crore. That year, with the exception of SpiceJet, all other Indian airlines faced losses.
In May 2011, IndiGo handled over one million passengers for the first time, and has since replicated the feat several times, with over 1.1 million passengers in both January and February of this year, according to the Directorate General of Civil Aviation’s (DGCA) data.
30/06/12 Swati Daftuar/The Hindu

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Categories: Indigo Airlines Jun 2012