The owner of IndiGo, InterGlobe Aviation Ltd, reported a 37 percent jump in quarterly profit on Monday to a record high powered by growth in passenger revenue and margins at India`s largest airline.
Low-cost carrier IndiGo has expanded rapidly since its launch in 2006 and now flies four of every 10 passengers on India`s domestic routes.
Profit rose to 8.11 billion rupees from 5.92 billion a year earlier, InterGlobe said. http://bit.ly/2uMvkZB
Passenger revenue rose 27.9 percent to 50.78 billion rupees ($791.40 million) and accounted for 85 percent of total revenue for the three months to June 30.
IndiGo`s revenue per available seat km - a measure of its operating earnings - rose 5.5 percent to 3.82 rupees.
Its yield, a measure of fares and distance flown, rose 2 percent.
Second quarter capacity in available seat km is expected to rise 15 percent and to grow 20 percent in fiscal year 2018, InterGlobe said.
It forecasted capacity to grow at a compound annual growth rate of about 20 percent for 2018 to 2020.
($1 = 64.1650 rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)