Indigo, the fastest growing budget airline in India, operated by Interglobe Aviation, is the only consistently profitable airline in India, though the profits have been volatile. For the quarter ending March 2018, Indigo posted healthy growth in revenue of 19.6% year-on-year (y-o-y) but operating profit crashed 74% y-o-y and net profit plunged 73.3% y-o-y.
How should investors...
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