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IndiGo posts profit in Q3, appoints co-founder Rahul Bhatia as MD

The airline expects its available seat kilometers to be 10%-15% lower for the December-quarter compared with the third quarter of the current fiscal year

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BS Web Team
Airline major InterGlobe Aviation, which operates IndiGo flights, on Friday reported standalone net profit of Rs 130 crore for the quarter ending December 31, 2021 due to a rebound in travel demand during the holiday season, though fuel costs surged. It reported net loss of Rs 620 crore in the year-ago period. 

Revenue from operations rose 90% to Rs 9,295 crore as against Rs 4,910 crore in Q3FY21. 

The company announced the appointment of its co-founder Rahul Bhatia as the company's Managing Director with immediate effect.

"The Board of Directors have unanimously approved the appointment of Rahul Bhatia, currently a
Topics : IndiGo