Saturday, June 06, 2020

IndiGo Sees Huge Potential For International Expansion

During IndiGo’s fourth-quarter/the fiscal year-end earnings call, airline CEO Ronojoy Dutta provided investors with some insight into the airline’s performance and his outlook for the future. A year from now, or even further down the road, the airline chief thinks that there may be potential for international expansion—an exciting prospect for India’s largest airline.
“I think there’s a structure within the international which will work to the benefit of Indian carriers in general. There have been too many foreign hubs all around India with a lot of connecting traffic. Long term, and I’m not talking three or four months but more than a year ahead, we think there will be more opportunities for us to expand internationally.” -Ronojoy Dutta, CEO, IndiGo Airlines
During the call, Dutta went over the financials released, covering results for Q4 as well as fiscal year 2019/20. Overall, the report for the year paints a fairly nice picture due to the airline’s phenomenal growth all the way up to the pandemic. As the fiscal year ended March 31st, some impressive numbers were put up, including a 25% increase in total income compared to the previous year. Of course, with April lockdowns hitting all of India hard, we’re expecting to see a pretty bleak quarterly report a few months from now.
06/06/20 Chris Loh/Simple Flying
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