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Though InterGlobe Aviation’s (IndiGo's) March quarter results (Q4FY22) were below expectations, the stock surged more than 10 per cent in trade on Thursday.
The gains for India’s largest airline company were in hopes that improving metrics on volumes and pricing, and focus on profitability shall reflect on its financials in the coming quarters.
Rising prices and load factors helped the company improve its yields, which have increased from 4.4 in the March quarter to about 5.4 in May.
