InterGlobe Aviation Q2 profit quadruples
Nov 1, 2017-
InterGlobe Aviation, the owner of India’s biggest airline IndiGo, reported an almost four-fold rise in quarterly profit, helped by higher passenger revenue and credits received from Pratt & Whitney and Airbus on aircraft groundings and delivery delays. Net profit came in at 5.52 billion rupees ($85.26 million during the quarter ended September 30 while revenue from operations grew about 27 percent to 52.91 billion rupees. InterGlobe reported its best ever September-quarter profit — usually a weak period for airlines in the country due to fewer holidays falling in that time. The company said its revenue per available seat kilometre — a measure of its operating earnings — rose about 13 percent to 3.52 rupees. Passenger yields, which measure the average fare paid per mile per customer, climbed 9 percent.
Published: 01-11-2017 10:46