Indigo reports positive third quarter performance

Indigo has reported a net profit of 1.9 billion rupees (US$22.8million) for the quarter ended September 2023. Speaking on an earnings call, chief executive of Indigo, Pieter Elbers, said that with these latest set of results, the airline had  completed a full cycle and remained consistently profitable for the last four quarters. “This is the first time post financial year 2018 and after five years that we have again, achieved profitability in the seasonally weak second quarter,” he said.   Excluding the impact of a foreign exchange loss, Indigo reported an operational profit of 8.1 billion rupees (US$131.5 million).   Indigo carried