IndiGo parent Interglobe posts rise in quarterly profit | The Daily Star
12:00 AM, January 28, 2020 / LAST MODIFIED: 12:00 AM, January 28, 2020

IndiGo parent Interglobe posts rise in quarterly profit

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.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top