Owner Of IndiGo Airline Posts 53% Rise In Annual Profit


New Delhi: IndiGo is India’s largest airline, flying about one in three passengers in the country’s booming air travel market.

InterGlobe, which listed on the Mumbai stock exchange last year, said in a regulatory statement that net profit in its fourth quarter was up just 0.3 percent to Rs 579 crore over the previous year, with increased revenue offset by higher aircraft and engine costs.

Indian airlines, including SpiceJet Ltd, Jet Airways Ltd and GoAir, are benefiting from a 20-percent year-on-year rise in passenger numbers as more people fly, as well as lower fuel prices.