IndiGo’s parent InterGlobe Aviation posts smaller June-quarter loss
InterGlobe Aviation Ltd , the operator of India’s top airline IndiGo, posted a smaller loss for the June quarter, powered by pent-up demand for air travel.
Yields, a metric of profitability, rose 50.3% to 5.24 rupees per kilometre, while passenger load factor, or the passenger carrying capacity being utilized, increased to 79.6% from 58.7% for the first quarter ended June 30.
The results come as IndiGo has seen a churn at the top, while reports of an exodus of its ground crew and technicians to other airlines have also been doing the rounds.
Revenue from operations jumped four-fold to 128.55 billion rupees.
