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IndiGo’s December quarter profit rises 111% to Rs 2,998 crore India Business News

New Delhi: Budget carrier indigo have made a report Benefit of Rs 2,998.1 Ten million In December quarter111% more than Rs 1,422.6 crore in the previous quarter fiscal, This is just shy of the Indian carrier’s highest-ever quarterly profit of Rs 3,089.2 crore reported by IndiGo in the June 2023 quarter.
With five consecutive profitable quarters airline Peter Albers, CEO of IndiGo, said, “The Covid time loss has been recovered and the net worth is positive again. IndiGo’s share price closed 1.9% higher at Rs 3,127 on the BSE on Friday. “The year 2023 was marked by many milestones. We served over 100 million passengers in a calendar year and joined the select club of global carriers operating at this scale. We started operating more than 2,000 daily flights to 118 destinations, Albers said.
In the October-December, 2023 period, the airline’s total revenue crossed Rs 20,000 crore for the first time for any Indian carrier’s quarterly numbers. Its Income Net income from operations grew 30.3% to Rs 19,452.1 crore from Rs 14,933 crore in Q3 FY23.
The airline has grounded about 75 of its Airbus A320 aircraft due to engine problems. For the December quarter, compared to the same period last year, IndiGo says its capacity has grown by 26.8%, and passenger numbers have increased by 23.4% to 27 lakh (the highest for a quarter).

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