Indigo registered swift recovery after quarterly losses in Q3

Indigo released quarter 3 results a few days back and it proved to be a source of relief for the company’s management after it registered a profit of 130 crores in the December quarter after suffering straight losses in the previous two quarters. With this, the revenue of the company from operations saw a steep rise of 89% to 9,294 crores. Indigo is India’s largest airline carrier that offers budget-friendly domestic flights across the length and breadth of the nation. Before this, the company struggled for the previous two quarters as their revenue sank after suffering heavy losses. Indigo CEO Ronojoy Dutta seemed happy with the quarterly result and stated: “I am pleased that we were able to report a profit for the third quarter. It demonstrates that our business model is fundamentally strong. Our employees have remained a pillar of strength throughout this health crisis and have steadfastly provided superior service to our customers”. Following positive results, the share price of the Gurgaon-based carrier also jumped by 1.52% closing at 1,971 on Friday at the National Stock Exchange.