{"id":283372,"date":"2019-07-20T05:32:55","date_gmt":"2019-07-20T05:32:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283372"},"modified":"2019-07-20T05:32:55","modified_gmt":"2019-07-20T05:32:55","slug":"indigo-flies-high-in-q1-amid-falling-out-between-promoters","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-flies-high-in-q1-amid-falling-out-between-promoters\/","title":{"rendered":"IndiGo flies high in Q1 amid falling-out between promoters"},"content":{"rendered":"<p>NEW DELHI: InterGlobe Aviation Ltd, which operates India\u2019s largest airline, IndiGo, on Friday reported its highest ever quarterly profits, benefiting from the collapse of Jet Airways and showing resilience in the face of a bitter confrontation between founder Rahul Bhatia and his estranged partner Rakesh Gangwal.<\/p>\n<p>IndiGo\u2019s net profit stood at \u20b91,203 crore in the quarter ended June, an almost 43-fold jump from the measly \u20b927 crore in the corresponding quarter last year. The airline\u2019s chief executive officer, Ronojoy Dutta, said the surge in net profit was due to strong passenger revenues and a sharp improvement in cargo performance.<\/p>\n<p>After a board meeting on Friday, Dutta also told analysts that the board will discuss the differences between major shareholders and the articles of association of the company on Saturday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: InterGlobe Aviation Ltd, which operates India\u2019s largest airline, IndiGo, on Friday reported its highest ever quarterly profits, benefiting from the collapse of Jet Airways and showing resilience in the face of a bitter confrontation between founder Rahul Bhatia and his estranged partner Rakesh Gangwal. IndiGo\u2019s net profit stood at \u20b91,203 crore in the quarter ended June, an almost 43-fold jump from the measly \u20b927 crore in the corresponding quarter last year. The airline\u2019s chief executive officer, Ronojoy Dutta, said the surge in net profit was due to strong passenger revenues and a sharp improvement in cargo performance. After [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-283372","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283372","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283372"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283372\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}