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IndiGo's Profit Surges Amidst Engine Issues
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IndiGo, India's leading airline, announced a net profit of INR299.8 crore ($372m) in the third quarter, marking a striking over 110% surge from the same period last year. The airline served 2.7 crore passengers, a 23% increase, and saw a 30.3% rise in revenue from operations to INR19,452.1 crore ($244m). Amidst the success, the airline encountered a setback as it grounded 75 planes due to Pratt & Whitney engine issues, expecting the number to increase with further inspections. Capitalising on rival SpiceJet's financial woes, IndiGo increased its market share to over 60%.
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Coverage Details
- Total News Sources
- 2
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- 1
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- 1
- Unrated
- 0
- Last Updated
- 46 days ago
- Bias Distribution
- 50% Left
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