Indian low-cost carrier IndiGo reported a 3Q 2016 net profit of INR6.57 billion ($96.6 million), up 23.7% compared to INR 5.31 billion in the year-ago period. CEO Aditya Ghosh said factors that helped the uptick included an increase in fleet size, robust passenger demand and low fuel prices had helped propel the carrier to the record result. IndiGo revenue rose nearly 12% to INR44 billion in 3Q 2016, an increase of nearly 11.9% compared to year prior. Third-quarter profit before tax was ...

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