{"id":466316,"date":"2022-02-05T09:26:17","date_gmt":"2022-02-05T03:56:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466316"},"modified":"2022-02-05T09:53:41","modified_gmt":"2022-02-05T04:23:41","slug":"indigo-swings-back-to-profit-after-7-qtrs-appoints-co-founder-bhatia-as-md","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-swings-back-to-profit-after-7-qtrs-appoints-co-founder-bhatia-as-md\/","title":{"rendered":"IndiGo swings back to profit after 7 qtrs, appoints co-founder Bhatia as MD"},"content":{"rendered":"<p>India\u2019s largest airline IndiGo swung back into profit after registering seven consecutive quarters of loss thanks to a rebound in travel demand during the holiday season.<\/p>\n<p>The company posted a profit of Rs 129.79 crore in the December quarter (Q3) financial year 2021-22 (FY22), primarily driven by higher revenue and yields. IndiGo had reported a loss of Rs 621.80 crore in the corresponding quarter of Q3FY21.<\/p>\n<p>Net revenue increased 89 per cent to Rs 9,294.77 crore from Rs 4,909.98 crore a year ago. Its passenger ticket revenues came in at Rs 8,073.10 crore, up 98.4 per cent while ancillary revenue stood at Rs 1,141.70 crore, an increase of 41.3 per cent compared to the year-ago period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s largest airline IndiGo swung back into profit after registering seven consecutive quarters of loss thanks to a rebound in travel demand during the holiday season. The company posted a profit of Rs 129.79 crore in the December quarter (Q3) financial year 2021-22 (FY22), primarily driven by higher revenue and yields. IndiGo had reported a loss of Rs 621.80 crore in the corresponding quarter of Q3FY21. Net revenue increased 89 per cent to Rs 9,294.77 crore from Rs 4,909.98 crore a year ago. Its passenger ticket revenues came in at Rs 8,073.10 crore, up 98.4 per cent while ancillary revenue [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-466316","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466316","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=466316"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466316\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}