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InterGlobe Aviation, owner of the largest Indian airline in terms of market share, announced Monday that its net profit for the March quarter had increased more than 400% over the same period last year , thanks to the increased number of pbadengers and high returns registered by IndiGo.
But on an annual basis, profits for 2018-19 plunged 93%. However, he foresaw a good year ahead. IndiGo and other low-cost companies like SpiceJet have won pbadengers in recent weeks after the grounding of Jet Airways.
IndiGo announced a profit after tax of 589.6 crores UK between January and March, an increase of 401.2% compared to 117.6 crores of Rs a year ago. However, for the full year 2018-2019, the after-tax profit was established at 156.1 crores of rupees, down 93% from 2,242.4 crores of rupees from the previous exercise.
Revenues during the period increased by almost 36 percent, from 5,799 crores to 7,883 rupees for the same period. The cost of fuel increased to 2,781 crore against 2,337.7 crore. IndiGo stated that its total indebtedness at the end of March 2019 amounted to 2,429.2 Rs.
For the 2018-2019 fiscal year, IndiGo recorded a profit of 156 crores of rupees, down 93% from 2,242 crores of rupees in 2017-2018. The airline's revenue amounted to Rs 28,497 crores during FY19, an increase of 22.8 per cent over Rs 23,021 crores during the financial year 18. .
"The 2019 fiscal year was difficult for the airline industry in India due to high fuel prices, low rupee and intense competitive environment.However, IndiGo has experienced a period of two halves, with losses in the first half and half of the year has seen a sharp recovery, "said General Manager, Ronojoy Dutta.
"For the future, it's hard not to be optimistic for the future.We see a lot of profitable growth opportunities in our network and with a robust delivery flow of new aircraft, we are well positioned to capitalize on this growth, "he said. A declaration.
The airline's fleet amounts to 217 aircraft – of which 130 CEO of Airbus A320, 71 A320 Neos, 1 A321 Neo and 15 ATR.
Interglobe said it expects a 30% increase in the number of seat-kilometers available during the 2020 fiscal year, a measure of the airline's pbadenger carrying capacity.
(This story has not been changed by Business Standard staff and is generated automatically from a syndicated feed.)
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