InterGlobe Aviation, which operates India’s largest airline, IndiGo, reported its highest ever fourth-quarter profit — of Rs 919 crore — in January-March FY23.
In the same period of FY22, the airline had posted a net loss of Rs 1,681 crore.
For FY23, the airline posted a net loss of Rs 305 crore as against a net loss of Rs 6,161 crore the previous financial year.
The profit in the fourth quarter came on the back of 60.5 per cent growth in passengers and 76.5 per cent increase in revenue on a year-on-year basis as the airline mitigated supply-chain disruption with wet leases and lease extensions.
