News Karnataka
Sunday, December 04 2022
Business

IndiGo profit jumps 300%

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Chennai: In a rare first for the airline industry in India, and that too a budget airline, low-cost airline IndiGo posted net profit of Rs 1,304 crore for the year ended March 31, 2015. It showed a 300% jump over the last year. Higher revenues at Rs 14, 320 crore and lower expenses fuelled the record rise in profits. The carrier filed its results during the day with India’s aviation regulator, the Directorate General of Civil Aviation.

IndiGo operates 648 flights a day with a fleet of 97 planes. The airline has filed its pre-IPO prospectus with the capital markets regulator SEBI for listing this year or early next year.

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