IndiGo swung to profit for the second consecutive quarter as strong passenger demand continued to overshadow rising fuel prices. The airline posted a quarterly profit of INR 9190 million with a steady growth of 76.5% in operating revenue. Indigo’s revenue from operations was INR 141.6 bn from Rs 80.2 bn in the same quarter last fiscal. IndiGo had posted a net loss of INR 16.80 bn a year-ago. The March quarter profit came after it reported an 11-fold jump in profit for the October-December quarter. IndiGo last posted two consecutive profitable quarters in June 2019. The carrier’s EBITDAR (earnings before interest,

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