Team Blitz India
MUMBAI: IndiGo earned its highest quarterly revenue to date during the same quarter the airline broke the record for the largest-ever aircraft order. In Q1 FY2023/2024, IndiGo earned INR171.6 billion ($2 billion) in revenue, which resulted in the low-cost carrier ending the period with a net profit of INR30.8 billion ($373.8 million).
Both metrics were record-breaking quarterly results for the airline, which was established on August 4, 2006.
“We produced strong operational performance and welcomed the highest number of quarterly passengers which enabled us to generate the highest ever quarterly revenue and net profit for the quarter ended June 2023,” Pieter Elbers, the chief executive officer (CEO) of IndiGo, said.Elbers added that after the 500 aircraft-strong order from Airbus during the Paris Air Show 2023, the airline’s order book grew to around 1,000 aircraft.
The Dutch executive also expressed his “deepest gratitude to all our loyal customers and dedicated 6E [IndiGo’s International Air Transport Association’s for the progress we have made towards our (new) growth strategy – towards new heights and across new frontiers”.
