The secret of Indigo’s consistent profits
How does the airline turn in profits year after year in one of the world’s toughest markets where competitors are struggling?
When IndiGo, India's largest airline by passengers carried, reported a profit of Rs 787 crore in the 2013 financial year, it stunned many in a manner unusual for an earnings broadcast. Aviation has always been a thorny industry, one as is said only half in jest that makes millionaires out of billionaires, but Indian aviation has stood out as notoriously brutal owing to high taxes and costly airport charges.
Source : By John Samuel Raja & Binoy Prabhakar - ET Bureau ; http://economictimes.indiatimes.com