Costs for Indian airlines are expected to rise 3.8% in fiscal 2025,
India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier
 "Indian Prime Minister Narendra Modi, Left, And Russian President Vladimir Putin Walk During An Informal Meeting At Novo-Ogaryovo Residence, Outside Moscow, Russia, Monday, July 8, 2024. (Photo: PTI)")
Indian Prime Minister Narendra Modi, Left, And Russian President Vladimir Putin Walk During An Informal Meeting At Novo-Ogaryovo Residence, Outside Moscow, Russia, Monday, July 8, 2024. (Photo: PTI)
IndiGo operator Interglobe Aviation reported a first-quarter profit on Friday that fell 11.7% as higher expenses overshadowed strong air travel demand.
India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier.
Costs for Indian airlines are expected to rise 3.8% in fiscal 2025, a top aviation consultancy said last month.
IndiGo's total expenses in the first quarter rose about 24% to Rs 17,449 crore, with aircraft fuel expenses accounting for about 37% of the costs. Its aircraft rental costs more than tripled.
4:43 PM
IndiGo Q1 FY25 results: Net profit declines 11.7% on higher expenses
India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier.
IndiGo's total expenses in the first quarter rose about 24% to Rs 17,449 crore, with aircraft fuel expenses accounting for about 37% of the costs. Its aircraft rental costs more than tripled.
Topics : IAF aircraft
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First Published: Jul 26 2024 | 4:43 PM IST
