The country's largest airline by market share reported its highest ever profit for a quarter. Revenues are at an all-time high as well. With a record order book and lean operation model, it is now gunning for more
IndiGo is on a remarkable flight path, one that no other airline in India has taken so far.
On August 2, the country’s largest airline by market share reported its highest-ever profit for a quarter when it announced its April-June quarter results. The Gurugram-headquartered airline’s net profit stood at a staggering Rs3,089 crore against a loss of Rs1,056.5 crore in the year-ago period. Revenues, meanwhile, swelled to Rs17,160 crore during the quarter, its highest ever.
In all, the airline which has a staggering 63 percent market share in the domestic market, has cash worth Rs27,400 crore in its coffers, up by over 40 percent from Rs19,069.4 crore last June. On last count, the airline has 316 aircraft and is awaiting the delivery of a record 1,330 aircraft from Airbus, making it the world’s biggest A320 family customer.