India’s IndiGo reports sixfold profit increase in FY13

Credit: By Rob Finlayson
IndiGo Airlines, India’s largest carrier by market share, has reported a profit of Rs 787 crore ($125 million), a sixfold profit increase for 2012-13, while capacity grew 39%. Revenue rose 65% to Rs 9,458 crore ($1.5 billion), according to data submitted to the Directorate General of Civil Aviation...

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