BusinessIndiGo: IndiGo logs revenue for 4th quarter in row

IndiGo: IndiGo logs revenue for 4th quarter in row



NEW DELHI: IndiGohas reported a revenue of Rs 189 crore within the September quarter, in opposition to a lack of Rs 1,583 crore in Q2 final fiscal. India’s largest home airline noticed its whole revenue rise 21% to Rs 15,503 crore this Q2 from Rs 12,582 crore final yr. The airline’s capability elevated by 27.7% and passengers carried rose 33.4% to 2.6 crore within the historically weakest journey quarter.IndiGo scrip closed flat at Rs 2,509 on the BSE on Friday.
IndiGo CEO Pieter Elbers mentioned: “… One other worthwhile quarter regardless of seasonal fluctuations and exterior headwinds coming into play. With our clear technique and concentrate on execution, now we have accomplished a full cycle and remained worthwhile for the final 4 quarters. We continued to enhance our community each domestically and internationally as we added 10 new locations previously few months, taking the entire variety of locations to 115.” The airline had a complete money stability of Rs 30,666 crore as on September 30.



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