InterGlobe Aviation Ltd, the owner of India’s biggest airline IndiGo, said net profit surged over 56 percent in the third quarter, helped by higher passenger ticket revenue and credit received from manufacturers.
Profit came in at 7.62 billion rupees ($119.73 million) for October-December, its best-ever for the third quarter, while revenue from operations grew about 24 percent to 61.78 billion rupees. bit.ly/2n6aVe3
The October-December quarter is usually a strong period for airlines in the country due to multiple holidays falling during that time.
The company said its revenue per available seat kilometre - a measure of its operating earnings - rose about 10.4 percent to 3.84 rupees. Passenger yields, which gauge the average fare paid per mile per customer, climbed 6.3 percent.
24/01/18 Reuters
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Profit came in at 7.62 billion rupees ($119.73 million) for October-December, its best-ever for the third quarter, while revenue from operations grew about 24 percent to 61.78 billion rupees. bit.ly/2n6aVe3
The October-December quarter is usually a strong period for airlines in the country due to multiple holidays falling during that time.
The company said its revenue per available seat kilometre - a measure of its operating earnings - rose about 10.4 percent to 3.84 rupees. Passenger yields, which gauge the average fare paid per mile per customer, climbed 6.3 percent.
24/01/18 Reuters
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