IndiGo reports highest ever profit in June quarter

IndiGo has reported the highest ever quarterly profit for an Indian carrier at Rs 1,203 crore for the April-June, 2019, thanks largely to rise in airfares post Jet shutdown. The Q1, FY 2019-20 profit is a massive 4,229% higher than Rs 27.8 crore profit in same quarter last fiscal and this leap comes amid a bitter and raging feud between the airline’s co-founders Rahul Bhatia and Rakesh Gangwal.

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