Interglobe Aviation Ltd News

TEST:IndiGo posts Rs 919 crore net profit, its best-fourth quarter ever

Expenses in the quarter increased to Rs 13,680 crore due to a rise in fuel and maintenance costs

IndiGo embarking on next level of growth, cost leadership crucial: CEO

IndiGo is embarking on the next level of growth and cost leadership is crucial for the airline, its CEO Pieter Elbers said on Monday. Currently, IndiGo operates around 1,800 daily flights and has a fleet of more than 300 aircraft. "We are embarking on the next level of growth," Elbers said at a session of CAPA India aviation summit in the national capital. He noted that the V-shaped recovery of the country's aviation sector has been a part of learning. After being significantly hit by the coronavirus pandemic, the aviation sector is on a strong recovery path and the domestic air traffic has almost touched the pre-pandemic levels. Noting that affordable fares are important, Elbers said maintaining cost leadership is crucial. The low cost carrier is the country's largest airline with a market share of more than 55 per cent. Responding to a query, Elbers said Indian aviation will move towards more sustainable finance, adding that there is more stability in the market. The airline

Indigo appoints Mark Sutch as Chief Commercial Officer of CarGo

Mark brings with him 25 years of airline industry experience across different verticals, including extensive cargo experience

IndiGo gets aviation ministry's nod to wet lease planes for US, Canada ops

The country's largest airline IndiGo, which is focusing on internationalisation, has received approval from the civil aviation ministry to wet lease up to two planes for operating flights to the United States and Canada, according to a senior official. For the first time, IndiGo started operating wide-body Boeing 777 on Delhi-Istanbul route in February. The plane has been taken on wet lease from Turkish Airlines. The airline has received nod from the ministry to wet lease two aircraft that can be utilised on this route. The official, on the condition of anonymity, said on Friday the ministry has also given approval for IndiGo to wet lease up to two wide-body aircraft which can be used for flying to the US and Canada. Queries sent to IndiGo on this issue remained unanswered. It could not be immediately ascertained whether IndiGo has firmed up plans on operating flights to the US and Canada. Indian carriers require approval from the ministry to wet lease aircraft. Under the wet le

Amid record aircraft orders, aviation remains a long-term play: Analysts

A linear profit growth is unlikely for the Indian aviation players as high oil prices hit the industry every two-three years

In next phase of growth, emphasis on international: IndiGo CEO Elbers

'The focus is to stay true to our customer promise', said Elbers

InterGlobe Aviation slips 5% after 4% equity changes hands via block deal

Rakesh Gangwal was set to pare his stake in IndiGo by a further 4 per cent via block deals on Thursday. The block deal was said to be for 1.56 crore shares worth Rs 2,930 crore

Rakesh Gangwal may put 4% stake in IndiGo on block, can fetch Rs 2.9k cr

Sources say the stake put on the block belongs to Gangwal family, which currently holds over 20% in the airline

IndiGo restores pilots' increments amid financial turnaround, Q3 profit

Airline made net profit of Rs 1,422 cr in Q3FY23, after three consecutive quarters of loss

IndiGo Q3: Focus on international destinations lifts outlook, say analysts

IndiGo's international business during the quarter stood at 105 per cent compared to pre-Covid levels

IndiGo flies back in green, Q3 net soars 1,000% to a record Rs 1,422 cr

Record Rs 1,422-cr quarterly profit comes on the back of best-ever revenue

India's IndiGo seeks partnerships to expand international network

The airline's international capacity is already at 105% of pre COVID levels and it plans to grow this further in 2023, Pieter Elbers told analysts in a results call

IndiGo's Turkish treat: Wide-body plane, hot meals, blankets on flight

The carrier has leased Turkish Airlines Boeing 777 for operations to Istanbul starting Wednesday

IndiGo Q3 preview: Airline to turn profitable amid healthy traffic, low ATF

The domestic air traffic capacity reached close to full capacity in Q3, while a pick up in international commercial flights provided the much needed relief to the aviation industry

Indigo, SpiceJet: After a dismal 2022, will aviation stocks soar in 2023?

Indigo and SpiceJet shares must surpass these key hurdles to embark on a new trend.

Very tough path ahead for new entrants like Akasa, Jet 2.0: GMR official

Julian Carr, the firm's CMO, says it will be "fascinating" to see how IndiGo's desire to grow further progresses when Air India aims to become a big full-service domestic and international carrier

Stocks to Watch: Adani Green, Tata Motors, Kirloskar Bros, Dhunseri Tea

Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.

IndiGo, Go First weighed down by grounded planes and engine shortages

IndiGo confirms 30 planes on ground, plots alternate strategies for capacity growth

After 3-yr lull, IndiGo to resume flights to China, Myanmar from March 2023

IndiGo used to operate daily flights on Delhi-Chengdu, Kolkata-Guangzhou, Kolkata-Yangon routes till early 2020

IndiGo Q2 loss widens by 10% due to rupee depreciation, high fuel prices

The company is confident that it will return to operational profitability in Q3