IndiGo, India’s biggest airline operated by Interglobe Aviation Ltd, has reported reported a 78% decline in net profit, on account of a flights crisis that virtually grounded one of the fastest growing aviation markets in the world.
IndiGo Q3 Results (Consolidated, YoY)
- Revenue up 6.15% at ₹23,472 crore
- EBITDAR up 5.45% at ₹6,990 crore
- EBITDAR margin flat at 30%
- Net profit down 78% at ₹550 crore
This is a developing story. More to come.