IndiGo’s Q3 results: Profit doubles to Rs 2,998 cr on strong demand, fares
IndiGo operator Interglobe Aviation reported more than two-fold growth in third-quarter profit on Friday, helped by air travel demand and higher fares in a seasonally strong period.
The company reported a standalone profit of Rs 2,998 crore ($362 million) for the quarter ended Dec 31, compared to Rs 1,418 crore in the year-ago period.
IndiGo, a low-cost carrier, has India’s largest airline fleet of 358 aircraft and commands a market share of over 62%.
The company benefited from back-to-back festive and wedding seasons, along with the men’s cricket world cup hosted in the country, analysts said.
