IndiGo reports record quarterly profit

IndiGo reported an INR8.11b (US$126m) net profit for its first quarter, a 37% increase and its highest ever quarterly profit. Total revenue for the quarter to end June was INR59.56b, with passenger revenue coming in 27.9% higher at INR50.78b. Costs of INR48.31b meant the airline made an operational profit of INR11.24b, a 50.6% increase from the previous year quarter. Passenger traffic in revenue passenger kms rose 25.4% on an ASK capacity increase of 18.7%. Load factor for the quarter was 88.0%, an increase of 4.7 percentage points from Q1 2016. IndiGo’s RASK revenue edged up 5.5% and yield 2.0%. It also pushed its costs per available seat km, ex fuel, down by 2.5%. IndiGo added 4 aircraft to its fleet during the quarter, 3 of which were Airbus A320neos. <br/>