Record profit for IndiGo after Jet Airways collapse
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Interglobe Aviation Ltd, the operator IndiGo, expects passenger capacity to increase by nearly a third this fiscal year, as the company gained a record quarterly profit, because of the collapse of Jet Airways. The New Delhi-based company's net profit for the three months ended June 30 jumped to over 12 billion from 277.9 million a year ago. Revenue has surged up 45% to 94.2 billion a spat between its co-founders.