{"id":632746,"date":"2024-02-03T09:47:00","date_gmt":"2024-02-03T04:17:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632746"},"modified":"2024-02-03T11:51:26","modified_gmt":"2024-02-03T06:21:26","slug":"indigos-q3-results-profit-doubles-to-rs-2998-cr-on-strong-demand-fares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-q3-results-profit-doubles-to-rs-2998-cr-on-strong-demand-fares\/","title":{"rendered":"IndiGo&#8217;s Q3 results: Profit doubles to Rs 2,998 cr on strong demand, fares"},"content":{"rendered":"<p>IndiGo operator Interglobe Aviation reported more than two-fold growth in third-quarter profit on Friday, helped by air travel demand and higher fares in a seasonally strong period. <\/p>\n<p>The company reported a standalone profit of Rs 2,998 crore ($362 million) for the quarter ended Dec 31, compared to Rs 1,418 crore in the year-ago period. <\/p>\n<p>IndiGo, a low-cost carrier, has India&#8217;s largest airline fleet of 358 aircraft and commands a market share of over 62%. <\/p>\n<p>The company benefited from back-to-back festive and wedding seasons, along with the men&#8217;s cricket world cup hosted in the country, analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndiGo operator Interglobe Aviation reported more than two-fold growth in third-quarter profit on Friday, helped by air travel demand and higher fares in a seasonally strong period. The company reported a standalone profit of Rs 2,998 crore ($362 million) for the quarter ended Dec 31, compared to Rs 1,418 crore in the year-ago period. IndiGo, a low-cost carrier, has India&#8217;s largest airline fleet of 358 aircraft and commands a market share of over 62%. The company benefited from back-to-back festive and wedding seasons, along with the men&#8217;s cricket world cup hosted in the country, analysts said.<\/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-632746","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\/632746","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=632746"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632746\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}