July 19, 2019 / 10:50 AM / 5 months ago

IndiGo operator Interglobe Aviation's June-qtr profit surges

BENGALURU, July 19 (Reuters) - Indian airline operator Interglobe Aviation Ltd reported a surge in profit for the June quarter on Friday, benefiting from the collapse of Jet Airways, as more passengers chose to fly its low-cost carrier IndiGo.

The company said its net profit for the three months ended June 30 rose to 12 billion rupees ($174.14 million)from 277.9 million rupees a year ago. Revenue rose 45%.

IndiGo, now the largest airline in the country by market share, reported a 12.8% rise in its yield during the quarter. ($1 = 68.9100 Indian rupees) (Reporting by Derek Francis in Bengaluru; Editing by Rashmi Aich)

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