Indigo sees its profits surge by over 300 percent

India's biggest carrier by market share, IndiGo, posted an over fourfold increase in its net profit for the financial year 2014-15, as a fall in fuel prices and interest income from its surplus cash aided operations. The airline posted a record net profit ofRs 1,304 crore for the year ended March 31, compared with Rs 473 crore a year ago. The carrier’s revenues rose 25 percent to Rs 14,320 crore from Rs 11,447 crore in FY14. The carrier filed its results during the day with India's aviation regulator, the Directorate General of Civil Aviation. Furthermore, the carrier’s fuel expenses rose just four percent to Rs 5,748 crore during the year. It expanded its capacity by 18 percent to 35.5 million available seat kilometers. The airline's average yield for the year came in at Rs 4,033, compared with Rs 3,815 in the previous year.