IndiGo profit up 23.7% for Q3 2016
IndiGo reported a Q3 2016 net profit of INR6.57b (US$96.6m), up 23.7% compared to INR5.31b in the year-ago period. CE Aditya Ghosh said factors that helped the uptick included an increase in fleet size, robust passenger demand and low fuel prices had helped propel the carrier to the record result. IndiGo revenue rose nearly 12% to INR44b in Q3 2016, an increase of nearly 11.9% compared to year prior. Q3 profit before tax was INR9.33b, up 24% over the previous year. In the 9-month period ended Dec 31, 2015, the carrier reported a rise of 108% to INR20.1b pre-tax profit compared to the first 9 months of Indigo’s 2015 fiscal year. Q3 2016 capacity at Indigo increased 20.1% compared to 10.75b ASMs in the year-ago period, and RPMs also rose 25% to 9.09b RPMs, compared to Q3 2015. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-01-27/unaligned/indigo-profit-up-23-7-for-q3-2016
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IndiGo profit up 23.7% for Q3 2016
IndiGo reported a Q3 2016 net profit of INR6.57b (US$96.6m), up 23.7% compared to INR5.31b in the year-ago period. CE Aditya Ghosh said factors that helped the uptick included an increase in fleet size, robust passenger demand and low fuel prices had helped propel the carrier to the record result. IndiGo revenue rose nearly 12% to INR44b in Q3 2016, an increase of nearly 11.9% compared to year prior. Q3 profit before tax was INR9.33b, up 24% over the previous year. In the 9-month period ended Dec 31, 2015, the carrier reported a rise of 108% to INR20.1b pre-tax profit compared to the first 9 months of Indigo’s 2015 fiscal year. Q3 2016 capacity at Indigo increased 20.1% compared to 10.75b ASMs in the year-ago period, and RPMs also rose 25% to 9.09b RPMs, compared to Q3 2015. <br/>
