{"id":614850,"date":"2023-11-04T10:01:40","date_gmt":"2023-11-04T04:31:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614850"},"modified":"2023-11-04T10:34:55","modified_gmt":"2023-11-04T05:04:55","slug":"after-5-years-indigos-bottom-line-flashes-green-for-september-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-5-years-indigos-bottom-line-flashes-green-for-september-quarter\/","title":{"rendered":"After 5 years, IndiGo&#8217;s bottom line flashes green for September quarter"},"content":{"rendered":"<p>InterGlobe Aviation, the parent company of IndiGo, on Friday reported a consolidated net profit of Rs 188.9 crore in the second quarter of 2023-24, on the back of steady demand and expansion of the flight network. <\/p>\n<p>This is the first time in five years that the airline has posted a net profit for the second quarter, typically considered a lean period for domestic aviation companies due to decreased travel activity. In Q2FY18, the airline had reported a net profit of Rs 551.5 crore, whereas for Q2FY23, it incurred a loss of Rs 1,583 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Aviation, the parent company of IndiGo, on Friday reported a consolidated net profit of Rs 188.9 crore in the second quarter of 2023-24, on the back of steady demand and expansion of the flight network. This is the first time in five years that the airline has posted a net profit for the second quarter, typically considered a lean period for domestic aviation companies due to decreased travel activity. In Q2FY18, the airline had reported a net profit of Rs 551.5 crore, whereas for Q2FY23, it incurred a loss of Rs 1,583 crore.<\/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-614850","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\/614850","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=614850"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614850\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}