The stock dipped 11% to Rs 891, also its 52-week low on the BSE after the company reported a 96% year on year (yoy) decline in net profit at Rs 278 million in June 2018 quarter.
After muted June-quarter performance due to cost and pricing pressure, the outlook for seasonally weak second quarter is no different
The stock hit 52-week low of Rs 1,002, falling 11% in past two weeks from Rs 1,122 on July 17, as compared to 1.1% rise in the Sensex.
The vertical separation between the two aircraft was only about 200 feet and a mid-air collision was averted after the TCAS alarms went off
Bookings under the four-day 'mega anniversary sale' offer begin on Tuesday for a travel period from July 25 to March 30 next year
IndiGo and GoAir have carried out "visual inspections" of a total of 50 Pratt & Whitney engines powering their A320 neo aircraft in the last fortnight but no abnormalities were detected, a senior official said today. The visual inspections were done after US regulator FAA issued an airworthiness directive on June 26 to check for possible engine fan hub damage of certain P&W engines. IndiGo and GoAir, operating A320 neo fleet with P&W engines, have been facing engine issues in these aircraft that even forced grounding of many planes. A senior official at the Directorate General of Civil Aviation (DGCA) said no abnormalities were found during visual inspection of a total of 50 affected P&W engines. "In compliance with AD (Airworthiness Directive), IndiGo has carried out one time inspection of 34 affected engines and GoAir carried out inspection on 16 affected engines. "No abnormality has been observed with these engines fitted on A320 neos being operated by Indigo and ...
To tide over the crisis, IndiGo has also dispatched recruiters to Latin America and West Asia - areas where embattled airlines are cutting costs and laying off pilots
According to the report, four out of the top five cheapest airlines are in Asia
The engine troubles hit budget carrier IndiGo again with the airline forced to ground two of its Airbus A320 Neo planes due to technical glitches, according to a source. The two Pratt & Whitney engine-powered A320 Neo planes were taken out of operations on Friday, the source said. IndiGo, which had to ground 11 A320 Neos between February and March this year due to safety concerns, confirmed that it had pulled out two of its planes from the service. The airline further said that the two planes are back into operations now. Significantly, the airline had earlier this month said all its aircraft, which had been taken out of service following directives of the European aviation safety regulator Easa and India's Directorate General of Civil Aviation (DGCA), were back into flying after the change of engines by the US engine supplier Pratt & Whitney. "IndiGo was forced to ground two A320 Neo planes on Friday due to engine glitches. While one aircraft was grounded at ...
The carrier aims to take the upgraded A330neo version of the plane, according the people, who asked not to be named as the discussions aren't public
Another IndiGo Airbus A320 Neo aircraft with Pratt& Whitney engine was grounded today at the Pune airport prior to its departure for New Delhi due to the oil chip detection in one of its engines, a source said. IndiGo, later, operated the flight with another aircraft but in the process it was delayed by more than four hours, according to the source. When contacted, IndiGo refused to comment on the incident, which came close on the heels of another incident involving its aircraft last week, in which passengers had a close shave after one of the engines of a A320 Neo plane failed midair. After the airline operated its Nagpur-Pune flight, IndiGo was forced to ground the A320 Neo plane due to the oil chip detection in engine-2 of the plane, the source said. The glitch-hit IndiGo plane was scheduled to fly to Delhi from Pune. As the aircraft was not airworthy due to the engine failure, the airline arranged another plane later, an A320, to fly the passengers to their ...
IndiGo's current fleet comprise 155 aircraft -- 151 Airbus A320s and four ATRs
The apex court directed the IndiGo Airline to shift its operations partially to T2 in 25 days
The High Court had turned down the suggestion of IndiGo that T-1 be dedicated exclusively for its use
Vehicle was operated by outsourced driver, matter reported to regulator
All the passengers and the stuff onboard were made to deplane immediately
InterGlobe Aviation, the owner of India's biggest airline IndiGo, has dipped 3.3% to Rs 1,142 on the BSE in intra-day trade. The shares will be sold at a floor price of Rs 1,130 per share
DIAL said that T1 has already exceeded its capacity and it would lead to overcrowding of the airport
In the video, which has gone viral on various social media platforms, the woman is seen confronting the duo
A video clip of the airline's staff pinning down a passenger to the ground went viral recently