If distractions were really helpful, InterGlobe Aviation Ltd’s June quarter results are as good as they come. The statement that it would rather not make the report public only sends the wrong signals. IndiGo’s profitability last quarter was primarily helped by robust revenue growth, thanks to the exit of Jet Airways. Dutta points out, “We do not expect any meaningful impact of Jet Airways to continue as all airlines have now replaced the capacity vacated by Jet." Sure, June quarter results clearly show that the promoter disputes have not cast a shadow on operational performance.

Source: Mint July 19, 2019 15:11 UTC