In the three months that ended in June, InterGlobe Aviation posted a record profit after taxes of INR 3,090.6 crore.
In the first quarter of the current fiscal year, IndiGo announced its highest-ever quarterly total income of INR 17,160.9 crore.
The carrier reported a loss of INR 1,064.3 billion for the three months ending in June 2022.
The airline stated in a release that its most recent quarter ended in June saw it achieve its highest-ever quarterly profit of INR 3,090.6 crore, which “reflects strong operational performance, execution of our strategy, and a favourable market environment.”
The total income or revenues for the three months ended June 2022 were INR 13,018.8 crore.
According to Pieter Elbers, CEO of IndiGo, “We produced strong operational performance and welcomed the highest quarterly passenger volume, enabling us to generate the highest ever quarterly revenue and net profit for the quarter ended June 2023.”
The carrier’s fuel costs plummeted 12.7% in the June 2023 quarter to INR 5,228.1 crore, but overall expenses barely changed to INR 14,070.1 crore.
The statement stated that compared to the second quarter of fiscal year 2023, “capacity in terms of available seat kilometres (ASKs) is expected to increase by around 25% in the second quarter of fiscal year 2024.”
Source- Travel biz