Flying high on a spurt in airfare following grounding of rival Jet Airways\u2019 aircraft, Interglobe Aviation, that runs IndiGo, recorded a five-fold year-on-year jump in its net profit to `590 crore for the March quarter.
\nThe airline\u2019s shares, which have skyrocketed as much as 39% since January, closed up 2.5% on the BSE on Monday, outperforming a 0.6% rise in the Sensex.<\/p>\n
IndiGo seems to have weathered the damaging impact of the cancellation of over 30 flights a day in February and March 2019 owing to a shortage of pilots and the repair work at Mumbai\u2019s Chhatrapati Shivaji International Airport. In the third quarter of FY19, the airline had posted a profit of Rs 191 crore.<\/p>\n
While revenue from operations jumped 36% year-on-year to Rs 7,883 crore in the March quarter, operating margins or the Ebitda (earnings before interest, tax, depreciation, amortisation and rentals) rose 6.7 basis points to 29.4%, aided partly by relatively low fuel prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
Flying high on a spurt in airfare following grounding of rival Jet Airways\u2019 aircraft, Interglobe Aviation, that runs IndiGo, recorded a five-fold year-on-year jump in its net profit to `590 crore for the March quarter. The airline\u2019s shares, which have skyrocketed as much as 39% since January, closed up 2.5% on the BSE on Monday, outperforming a 0.6% rise in the Sensex. IndiGo seems to have weathered the damaging impact of the cancellation of over 30 flights a day in February and March 2019 owing to a shortage of pilots and the repair work at Mumbai\u2019s Chhatrapati Shivaji International Airport. […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-276290","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=276290"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276290\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}