IndiGo Q4 numbers modest, but stock rises on hope of profit, traffic

Sustained growth in air travel and pricing discipline are key parameters for India's largest airline.

Though InterGlobe Aviation’s (IndiGo's) March quarter results (Q4FY22) were below expectations, the stock surged more than 10 per cent in trade on Thursday. 

The gains for India’s largest airline company were in hopes that improving metrics on volumes and pricing, and focus on profitability shall reflect on its financials in the coming quarters. 

Rising prices and load factors helped the company improve its yields, which have increased from 4.4 in the March quarter to about 5.4 in May. 

Passenger traffic is rising with the weekly average of daily passengers for the sector improving to 375,000 at the end of last week, as compared