{"id":493822,"date":"2022-05-27T08:50:14","date_gmt":"2022-05-27T03:20:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=493822"},"modified":"2022-05-27T09:31:05","modified_gmt":"2022-05-27T04:01:05","slug":"indigo-soars-10-as-ceo-eyes-profitability-after-rs-1681-cr-loss-in-q4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-soars-10-as-ceo-eyes-profitability-after-rs-1681-cr-loss-in-q4\/","title":{"rendered":"IndiGo soars 10% as CEO eyes &#8216;profitability&#8217; after Rs 1,681 cr loss in Q4"},"content":{"rendered":"<p>Shares of InterGlobe Aviation \u2013 the parent company of IndiGo \u2013 soared 10 per cent to Rs 1,808.5 apiece on the BSE on Thursday after the company\u2019s chief executive officer (CEO) Ronojoy Dutta said that profitability was the top-of-the-mind priority for the company. <\/p>\n<p>&#8220;You almost have to hit the point &#8211; the sweet spot just right &#8211; because you can keep pushing up fares and then at a certain point demand actually falls off\u2026 So, you have a tug-of-war, but the key to profitability is to keep managing our business on the revenue side,&#8221; he said.<\/p>\n<p>The comments came on the back of Rs 1,681-crore loss for the January-March quarter of FY22 (Q4FY22) due to the rise in jet fuel prices and higher exchange rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of InterGlobe Aviation \u2013 the parent company of IndiGo \u2013 soared 10 per cent to Rs 1,808.5 apiece on the BSE on Thursday after the company\u2019s chief executive officer (CEO) Ronojoy Dutta said that profitability was the top-of-the-mind priority for the company. &#8220;You almost have to hit the point &#8211; the sweet spot just right &#8211; because you can keep pushing up fares and then at a certain point demand actually falls off\u2026 So, you have a tug-of-war, but the key to profitability is to keep managing our business on the revenue side,&#8221; he said. The comments came on [&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-493822","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\/493822","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=493822"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493822\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=493822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=493822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=493822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}