Image used for representational purpose only. (Photo | PTI) 
Business

IndiGo net profit soars to Rs 1,422.6 crore on travel demand

Excluding foreign exchange loss, the airline reported a profit of Rs 2,009.1 crore in Q3FY23 quarter compared to Rs 125.2 crore in the year-ago period.

Express News Service

NEW DELHI: InterGlobe Aviation on Friday reported a steep rise in net profit at Rs 1,422.6 crore in the third quarter ending December 2022 (Q3FY23). The airline had reported a profit after tax (PAT) of Rs 129.8 crore in the same period a year ago. IndiGo’s total income jumped to Rs 15,410.2 crore in the third quarter of the current fiscal from Rs 9,480.1 crore in the year-ago period.

Excluding foreign exchange loss, the airline reported a profit of Rs 2,009.1 crore in Q3FY23 quarter compared to Rs 125.2 crore in the year-ago period. The budget carrier ferried 2.23 crore passengers 
in the third quarter, an increase of nearly 26%, on the back  of strong travel demand, as compared to the same period a year ago when it stood at 1.78 crore. 

'Should we ask BJP?': As SIR begins in Karnataka, Priyank Kharge urges EC to answer concerns raised by Congress

Four-year-old boy falls into 220-foot borewell in Haryana, rescue operation underway

An “ocean of opportunity” and of competition

SP leader Kamal Akhtar quits chief whip post, says was asked to resign by Akhilesh Yadav

Mumbai rains: 11-year-old dies after tree falls on school bus in Chembur

SCROLL FOR NEXT