IndiGo posts highest-ever quarterly profit in Q1

IndiGoNSE 0.28 % Friday announced a 43 times jump in its net profit on a robust operating performance benefiting also from the grounding of bankrupt airline Jet AirwaysNSE -4.90 %.

India’s biggest airline by market share said its net profit soared to a record Rs 1,203 crore for the April-June quarter.
Revenue rose 45% to Rs 9,420 crore. Revenue per available seat kilometer rose 10.7% to Rs 4.10 while yield per kilometer rose 13% to Rs 4.08. Cost per available seat kilometer reduced by 6.3%.