Interglobe Aviation Ltd, the operator of India's top airline IndiGo, reported a second consecutive quarterly profit on Thursday, as strong demand for air travel more than offset a jump in fuel expenses.
India's biggest airline by market share reported a profit of Rs 919.2 crore in the three months to March 31, compared to a loss of Rs 1,681.8 crore a year before. During the quarter the passenger numbers increased by 60.5 per cent to 23.4 million.
Its revenue from operations increased by 76.5 per cent to Rs 14,160.60 crore.
In the whole year, 2022-23, the company reported a net loss of Rs 305.80 crore. In the previous year, this loss was Rs 6,161.80 crore. The passengers in FY23 increased 71.9 per cent to 85.6 million.
