Page 22 - Indigo

IndiGo loss likely at Rs 2,670 cr for Q1, SpiceJet's at Rs 1K cr: Report

Regular operations of the domestic airlines remained shut between March 25 and May 24 on account of a nationwide lockdown to curb the spread of the coronavirus pandemic

Domestic airlines need $3-3.5 bn funding amid subdued travel demand: CAPA

On the fund requirements for IndiGo, which it had earlier not quantified, CAPA said, "IndiGo is likely to raise $400-650 millions by monetising its aircraft and engine assets."

IndiGo to give 25% fare discount to healthcare workers till end of 2020

The nurses and doctors will be required to provide valid hospital IDs at the time of check-in as a proof of their identity, the airline said

Fabindia appoints former IndiGo prez Aditya Ghosh to board of directors

Fabindia, which operates a chain of stores selling a range of artisans products, on Wednesday said former Indigo airlines president Aditya Ghosh has been appointed as a member of its board of directors. Ghosh will be guiding the management teams with strategy and new initiatives, the company said in a statement. "Fabindia believes that the post-Covid period will bring about transformational change in consumer behaviour and brands with purpose, sustainability initiatives and earth-friendly commerce will become increasingly important...As we evolve towards a new normal, we are excited to have Aditya on board helping with strategy and growth," the company said. Ghosh is a seasoned professional with over 22 years of experience and has had multiple roles including leading IndiGo and also OYO Hotels & Homes. On his joining the board of Fabindia, Ghosh said, "I am looking forward to engaging with a sense of purpose where we continue to build on the tremendous trust that the Fabindia ...

IndiGo to experiment with new revenue model to tide over Covid-19 crisis

InterGlobe Aviation, the parent firm of IndiGo, on Tuesday reported a net loss of Rs 871 crore in the March quarter and would not be doling out any dividend

We're confident of operating at 50% capacity: IndiGo CEO Ronojoy Dutta

With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances

IndiGo starts flexible payment scheme: Pay 10% fare now and get ticket

Passengers can defer the 90 per cent remaining payment "for a period of up to 15 days either from the date of bookings or before the date of departure" under this scheme, IndiGo said.

Domestic air travel may rebound by year-end, says Aviation Minister

Industry sceptical about a quick revival in demand without a vaccine in sight

Covid-19 crisis: Pilots, crew are opting for leave without pay for now

Sources at both IndiGo and Vistara say that some senior pilots and crew who have elderly parents at home had said that they would like to stay off the roster for now.

Top headlines: Tata Motors scouting for partner, no lockdown in Delhi

From Sebi to discuss Franklin move to wind-up business, Airtel Payments Bank rolling out accounts for MSMEs to IndiGo confident of working at 50% capacity, here are the top headlines of the day

Flight from Dubai with 177 stranded Indians lands at Chandigarh airport

The flight 'IGO 1428' had 168 passengers from Punjab; two each from Haryana, Himachal Pradesh, Jammu and Kashmir and Chandigarh; and one from Uttarakhand, airport officials said.

IndiGo aims to operate 70% of pre Covid-19 flights by 2020-end: CEO Ronojoy

India's largest airline IndiGo operated around 1,500 daily flights in the pre-Covid era. Around 20-25 per cent of these flights were on international routes while the remaining operated domestically.

IndiGo repatriated 666 Indians from West Asia on four chartered flights

Scheduled international passenger flights continue to remain suspended in the country since March 23 due to the Covid-19 outbreak.

When the masks fell off

Their handling of employees as the Covid-19 crisis played out revealed the true character of aviation sector players

IndiGo soars 13% as Q4 earnings beat Street expectation

Foreign brokerage Credit Suisse maintains 'Outperform' rating on the stock on hopes that the airline would turn profitable by FY22.

IndiGo Q4 loss at Rs 871 cr, defers new capacity addition amid Covid-19

"With the prevailing uncertainty due to pandemic, we are not in a position to provide capacity growth guidance," the airline stand in a statement.

IndiGo posts Rs 1,290 crore pre-tax loss in Q4 amid Covid-19 lockdown

Although unsure of revival in demand, Chief Financial Officer Aditya Pande said there was a slight uptick in forward bookings after the lockdown was relaxed.

Cyclone Nisarga: IndiGo, Vistara cancel Mumbai flights on Wednesday

Domestic airlines are operating 50 flights to and from Mumbai ( 25 arrivals and departures each) as a part of curtailed schedule upon resumption of domestic flights from May 25

IndiGo Q4 preview: Analysts see loss up to Rs 2,600 cr amid Covid-19 woes

Rise in fuel costs due to depreciation of rupee during the quarter, slight decline in passenger load factor, but marginal expansion in fleet capacity are some other factors that could affect earnings

Market Ahead, June 2: All you need to know before the opening bell

A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions