IndiGo, under InterGlobe Aviation, saw an 18% drop in net profit for Q3, totaling ₹2,449 crore. This occurred despite strong demand for air travel. The prior year’s high profits, boosted by festive travel, set a challenging benchmark. This quarter’s revenue rose 14% to ₹22,111 crore, showing robust business. IndiGo transported 273.25 lakh passengers, maintaining a 63.8% market share. Challenges included fluctuating fuel prices and currency rates. However, IndiGo remains focused on fleet expansion and service improvements. The management is optimistic about future growth, leveraging technology and infrastructure investments.
