Grounded Jet fuels IndiGo to stratosphere

Mumbai: IndiGoNSE 0.28 % announced blockbuster earnings for the June quarter as the country’s biggest airline took advantage of the grounding of Jet AirwaysNSE -4.90 % and kept a check on costs. But the board meeting that reviewed its financial performance remained inconclusive on some counts and will spill over to Saturday to discuss resolutions such as the appointment of a woman director, said CEO Rono Dutta.

Dutta also continued to play down differences between founders Rahul Bhatia and Rakesh Gangwal and said these were only related to the shareholders’ agreement between them. In a note in the earnings announcement, Indi-Go acknowledged it had received communications from Sebi and the corporate affairs ministry.