Interglobe Aviation Ltd , the operator of India’s top airline, IndiGo, reported a second consecutive quarterly profit on Thursday, boosted by foreign exchange gains and as strong demand for air travel more than offset a jump in fuel expenses.India’s biggest airline by market share has benefited from a strong post-pandemic recovery in domestic air travel in the world’s third-largest aviation market.
The carrier flew 23.4 million passengers between January and March, 60.5% more than the year-ago quarter and nearly 5% higher than the previous quarter. Its yield, a metric for profitability, rose 10.2% year-over-year to 4.85 rupees per kilometre in the fourth quarter, while load factor, a metric of how full its planes are, improved by 7.5 percentage points to 84.2%.IndiGo’s available seat kilometres, or passenger carrying capacity, grew 49.2% year-on-year to 30.4 billion, more than its own forecast. It expects capacity to rise 5-7% sequentially in the current quarter.
