IndiGo to induct ten A-320 Neos this fiscal

No-frills airline IndiGo will induct 10 fuel-efficient A-320 Neos this fiscal to its aircraft fleet and expects the company’s low-cost structure to deliver improved profitability in the coming years. Preparing to hit the capital market with nearly Rs 3,000 crore IPO next week, IndiGo’s parent InterGlobe Aviation is bullish on the airline’s growth prospects in the highly under penetrated domestic aviation market. As per the latest set of financial results disclosed by the company, it posted a net profit of Rs 640.44 crore in the quarter ended June 30, 2015. During the same period, total revenues stood at Rs 4,317.19 crore. For the year ended March 2015, it recorded a net profit of Rs 1,295.58 crore on revenues of Rs 14,309.14 crore. The low-cost carrier, which has remained profitable for the last seven years, would be inducting 10 A-320 Neos in the current fiscal ending March 2016