IndiGo Q3 result: Profit soars as air travel recovers from Covid

InterGlobe Aviation Ltd, the operator of India’s top airline IndiGo, on Friday reported an eleven-fold jump in quarterly profit led by a pick up in demand for air travel.

The airline has been contending with surging fuel costs and currency volatility tha t hit profit for the past three quarters.

However, a sharp recovery in demand for air travel to near pre-Covid levels in the domestic and international markets more than offset the fuel expenses.