Propelled by higher passenger revenues, InterGlobe Aviation on Friday posted its highest ever quarterly profit of Rs 1,203.14 crore for the three months ended June 30.
Total income climbed to Rs 9,786.94 crore for the June quarter from Rs 8,259.69 crore in the same period a year ago, according to a regulatory filing. Its revenue from operations jumped nearly 45% to Rs 9,420 crore. Yield, which is an indicator of revenue earned for every kilometre flown, jumped to 12.8% in the latest quarter. Besides, the airline has increased its capacity.
IndiGo CEO Ronojoy Dutta said the company has reported the highest ever quarterly profit after tax. “Strong passenger revenues along with a sharp improvement in cargo performance were key drivers to this improved profitability,” he said.
