IndiGo turns in profit despite currency headwinds

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Delhi-based low-cost airline IndiGo has reported its highest-ever quarterly earnings of Rs 171.609 billion and its highest-ever quarterly net profit of Rs 30.906 billion during the first quarter of the fiscal year 2023-24. Incidentally, the airline reported a net loss…
It’s been about two months since our last call. During the interim, there has been a lot of Indian aviation news. We discuss the following items: Mega orders placed by India’s airlines at the Paris Air Show; Insolvency of Go…