InterGlobe Aviation, the parent company of IndiGo, on Friday reported a consolidated net profit of Rs 188.9 crore in the second quarter of 2023-24, on the back of steady demand and expansion of the flight network.
This is the first time in five years that the airline has posted a net profit for the second quarter, typically considered a lean period for domestic aviation companies due to decreased travel activity. In Q2FY18, the airline had reported a net profit of Rs 551.5 crore, whereas for Q2FY23, it incurred a loss of Rs 1,583 crore.
