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AirAsia X First Quarter 2023 Financial Results AirAsia X Posts RM328 million Net Profit, Shareholders Equity Turns Positive at RM40.8 million . | May 29, 2023
Shares of InterGlobe Aviation climbed nearly 2 per cent in morning trade on Friday after the company flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter.
The stock of the parent of the country s largest airline IndiGo went up by 1.90 per cent to Rs 2,308
Fuelled by robust market demand and higher revenues, InterGlobe Aviation on Thursday flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter.
The parent of the country s largest airline IndiGo, which had faced turbulence last year, had a net loss of Rs 1,681.8 crore in the three months ended March 2022.
Reflecting the bullishness in the aviation market, the carrier has forecast a 5-7 per cent rise in Available Seat Kilometres (ASK), an indicator of seat capacity, in the June quarter.