IndiGo owner Interglobe's profit rises five-fold

Credit: REUTERS/Regis Duvignau

BENGALURU, May 27 (Reuters) - Interglobe Aviation INGL.NS, the owner of India's largest airline by market share, IndiGo, saw quarterly profit rise more than five-fold, as it was able to raise prices, potentially benefiting from the collapse of rival Jet Airways JET.NS.

Profit rose to 5.90 billion rupees ($84.87 million) for the fourth quarter ended March 31, versus 1.18 billion rupees a year earlier.

IndiGo's yield, a measure of airfare, rose 12% during the quarter.

($1 = 69.5150 Indian rupees)

Market Share Of Domestic Airlines

(Reporting by Krishna V Kurup in Bengaluru; Editing by Himani Sarkar)

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