IndiGo parent Interglobe Aviation, which operates India’s biggest carrier, posted its fourth-quarter results on Thursday.

What Happened: The budget airline’s net profit for the quarter ended March 31 came in at ₹1,894.8 crore, up 106.1% from the ₹919.2 crore it earned a year earlier. The figure handily beat estimates of ₹1,480 crore. However, the figure was a decline from the ₹2,998.12 crore it earned in the December quarter.

Revenue for the quarter jumped 25.9% to ₹17,825.3 crore, compared with a topline figure of ₹14,160.2 crore in the year-ago period. This was ahead of expectations of ₹16,940 crore.

The company’s yield per passenger improved to ₹5.19 from ₹4.85 in the year-ago quarter. However, the figure was slightly below the ₹5.34 posted in the December quarter.

The airline said capacity during the quarter increased by 14.4% to 34.8 billion while passengers increased by 14.0% to 26.7 million.

See Also: RBI Approves ₹2.10 Lakh Cr Dividend Payment To Central Government

Ongoing Turbulence: During the fourth quarter, IndiGo had to ground 70-80 planes out of its 350 due to Pratt & Whitney engine issues. This led to a noticeable drop in flights and capacity, mainly affecting the domestic market, while international routes grew selectively.

Despite this, IndiGo maintained over 60% of the domestic market share — although there was a 3% decline from the previous quarter, it was a 12% increase from the same quarter last year.

The company has so far held on to its market-leading position despite a strong challenge from Tata Group’s Air India entity, which is currently undergoing a merger.

In April IndiGo ordered 30 Airbus A350-900 aircraft, aiming to expand its network and enter the wide-body aircraft segment. The deliveries are set to begin in 2027.

Price Action: InterGlobe Aviation’s share price was up 1.08% at ₹4,403 at the end of trade on Thursday.

Read Next: 91 Indian Cities In 1,000 Best City List, None In Top 100