Pratt & Whitney boosts IndiGo net profit by record 294%

The airline's net profit for the second quarter of 2017-18 was Rs 551.55 crore, up from Rs 139.84 crore in the same period a year ago

InterGlobe Aviation, which runs the country’s largest airline, IndiGo, on Tuesday reported a record 294 per cent rise in net profit on account of compensation received from manufacturers Pratt & Whitney and Airbus. 

While the company refused to quantify the amount received on credit, figures were also boosted by a significant Rs 214 crore in terms of other income.

The compensation was received for problems plaguing the carrier’s operation since July that were fixed earlier this month after Pratt & Whitney managed to replace the engines that power the Airbus’s A320neo jets. The world’s biggest buyer of the aircraft grounded