IndiGo, India’s biggest airline by market share, on Monday reported a rise in quarterly profit, helped by increased efficiencies and a boost from lower fuel costs.
Revenue per available seat kilometer (RASK) rose 5.6 percent for the three months ended Dec 31. Typically, the higher the RASK, the more profitable an airline is.
Fuel costs for the quarter dropped 2 percent to 33.42 billion rupees.
The airline’s owner, Interglobe Aviation Ltd, said net profit for the quarter came in at 4.90 billion rupees ($68.95 million), compared with 1.91 billion rupees in the same period last year.