IndiGo quarterly profit slumps 25.1% in Oct-Dec

MUMBAI: InterGlobe Aviation, which operates under the airline brand IndiGo, Tuesday announced a 25.1% decline in its quarterly net profit hurt by lower yields and rising fuel prices.

The airline’s income from its cash reserves, which have always richly contributed to its profits, too was unable to significantly stem the earnings decline in Oct-Dec.

Analysts said the earnings from India’s biggest airline by market share forbodes imminent and rising pressure on Indian carriers’ recent crawl-back to profitability.


IndiGo posted a net profit of Rs 486.5 crore in Oct-Dec compared to Rs 650 crore a year earlier. Total operating revenue rose 16% to Rs 4,986 crore.