IndiGo soars 10% as CEO eyes 'profitability' after Rs 1,681 cr loss in Q4

Going forward, analysts are cautiously optimistic on the prospects of the airline as it manages demand revival amid increased competition


SI Reporter New Delhi
Shares of InterGlobe Aviation – the parent company of IndiGo – soared 10 per cent to Rs 1,808.5 apiece on the BSE on Thursday after the company’s chief executive officer (CEO) Ronojoy Dutta said that profitability was the top-of-the-mind priority for the company.
"You almost have to hit the point - the sweet spot just right - because you can keep pushing up fares and then at a certain point demand actually falls off… So, you have a tug-of-war, but the key to profitability is to keep managing our business on the revenue side," he said.
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First Published: May 26 2022 | 11:46 AM IST

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