IndiGo is making money hand over fist; Jet struggles

New Delhi: IndiGo, the single largest passenger airline in India (it overtook Jet recently by marketshare), now seems to be the most profitable as well.
Centre for Asia Pacific Aviation (CAPA) estimates that IndiGo made a profit of Rs 106 crore in the June quarter, its single largest profit since inception. What’s more, the CAPA estimate for IndiGo is double the profit that SpiceJet has declared and more than three times what legacy carrier Jet Airways reported for the same period.
Jet and SpiecJet are listed entities, while IndiGo, Air India and GoAir are unlisted so there is no official confirmation of these figures.
24/08/12 Sindhu Bhattacharya/First Post.com

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Categories: Indigo Airlines Aug 2012