Low-cost carrier IndiGo reported a steep rise in profit after tax to Rs.496crore for the quarter ended December, 2019, almost three times the profit after tax of Rs.185.2crore recorded in the year-earlier period.
The airline’s total income surged by a robust 25.5%Rs.10,330.2crore in the latest December quarter from the Rs.8,229.3crore in the corresponding period a year ago.
Passenger ticket revenue stood at Rs.8,770.30crore, an increase of 24.1% year over year, while the ancillary revenue during the quarter stood at Rs.1,037.30crore, registering a growth of 28.8% over the year ago period.
Cochin Metro for alternative revenue
The spiralling of Kochi Metro's net loss from Rs.167crore in 2017-18 to Rs.281crore in 2018-19 has set officials of Kochi Metro Rail Limited scouting for avenues to increase non-fair-box collection.
According to Metro sources, the 32% increase in daily passenger patronage in 2019 as compared to 2018. The opening of 5.5kilometres long Maharajas college -Thykoodam extension, is in itself a sign that ridership and subsequently income would increase with every extension. The over one kilometer extension to Pettah and the Metro’s further 1,5kilometre extension to SN junction in Thripunithura will further increase the footfall.
The ridership was well short of the 2.75lakh mentioned in the metro’s detailed project report. The ridership in 2019 was 88,83,184 till September 3. It was 77,14,836 from September 4 to December 30.
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