IndiGo soars 10% as CEO eyes ‘profitability’ after Rs 1,681 cr loss in Q4
Shares of InterGlobe Aviation – the parent company of IndiGo – soared 10 per cent to Rs 1,808.5 apiece on the BSE on Thursday after the company’s chief executive officer (CEO) Ronojoy Dutta said that profitability was the top-of-the-mind priority for the company.
“You almost have to hit the point – the sweet spot just right – because you can keep pushing up fares and then at a certain point demand actually falls off… So, you have a tug-of-war, but the key to profitability is to keep managing our business on the revenue side,” he said.
The comments came on the back of Rs 1,681-crore loss for the January-March quarter of FY22 (Q4FY22) due to the rise in jet fuel prices and higher exchange rate.
