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 Rs3,000 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.
IndiGo President Aditya Ghosh told PTI in an interview here that the carrier expects to see its profit improving on the low cost structure and economies of scale.
“Absolutely, we see it improving because of only reason that is cost structure,” Ghosh said in reply to a query on whether he expects profits to rise in the future. As per the latest set of financial results disclosed by the company, it posted a net profit of Rs640.44 crore in the quarter ended June 30.