{"id":577858,"date":"2023-05-19T12:21:22","date_gmt":"2023-05-19T06:51:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577858"},"modified":"2023-05-19T12:21:22","modified_gmt":"2023-05-19T06:51:22","slug":"indian-carrier-indigo-stays-profitable-on-demand-forex-boost","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-carrier-indigo-stays-profitable-on-demand-forex-boost\/","title":{"rendered":"Indian carrier IndiGo stays profitable on demand, forex boost"},"content":{"rendered":"<p>Interglobe Aviation Ltd , the operator of India\u2019s top airline, IndiGo, reported a second consecutive quarterly profit on Thursday, boosted by foreign exchange gains and as strong demand for air travel more than offset a jump in fuel expenses.India\u2019s biggest airline by market share has benefited from a strong post-pandemic recovery in domestic air travel in the world\u2019s third-largest aviation market.<\/p>\n<p>The carrier flew 23.4 million passengers between January and March, 60.5% more than the year-ago quarter and nearly 5% higher than the previous quarter. Its yield, a metric for profitability, rose 10.2% year-over-year to 4.85 rupees per kilometre in the fourth quarter, while load factor, a metric of how full its planes are, improved by 7.5 percentage points to 84.2%.IndiGo\u2019s available seat kilometres, or passenger carrying capacity, grew 49.2% year-on-year to 30.4 billion, more than its own forecast. It expects capacity to rise 5-7% sequentially in the current quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interglobe Aviation Ltd , the operator of India\u2019s top airline, IndiGo, reported a second consecutive quarterly profit on Thursday, boosted by foreign exchange gains and as strong demand for air travel more than offset a jump in fuel expenses.India\u2019s biggest airline by market share has benefited from a strong post-pandemic recovery in domestic air travel in the world\u2019s third-largest aviation market. The carrier flew 23.4 million passengers between January and March, 60.5% more than the year-ago quarter and nearly 5% higher than the previous quarter. Its yield, a metric for profitability, rose 10.2% year-over-year to 4.85 rupees per kilometre in [&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":[196,130,138],"tags":[],"class_list":["post-577858","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\/577858","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=577858"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577858\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}