IndiGo net profit News
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IndiGo, the country's largest airline with over 40 per cent market share, had a profit of Rs 551.6 crore in the year-ago period.
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Profitable no-frills airline IndiGo Wednesday said it does not chase market share or load factor as priorities even as it continues to corner more than one-third of the total domestic air passenger traffic.
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Ahead of the Rs 3,000-crore IPO, IndiGo's parent InterGlobe Aviation Wednesday said twenty days of profit could cover its negative net worth of Rs 139 crore at the end of the June quarter.
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This is also the highest ever annual profit registered by the airline -- which is also preparing for a Rs 2,500 crore initial public offer -- since its inception in 2005.
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