INSUBCONTINENT EXCLUSIVE:
after tax in the June quarter, as the collapse of Jet Airways diverted passengers to other low-cost carriers.The company and its peer
SpiceJet have both seen a surge in passenger growth, after Jet Airways, once the country's biggest private carrier, declared
bankruptcy.Interglobe said its net profit for the three months ended June 30 rose to over Rs 1,200 billion rupees ($174.29 million) from Rs
Revenue rose 45 per cent to Rs 942 crore.IndiGo's founders have recently been involved in an escalating dispute, dragging down the
parent's shares.IndiGo's yield, a measure of the average passenger fare per mile, rose 12.8 per cent, reflecting the rising passenger
preference for the airline, which is now India's biggest by market share.Interglobe shares closed 0.28 per cent higher on Friday amid a
broader market that ended 1.53 per cent down.Get Breaking news, live coverage, and Latest News from India and around the world on
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