Page 29 - Indigo

Brokerages cut IndiGo's earnings estimates on Q2 loss and weak guidance

Competitive pressure has forced to estimate weak revenue growth

IndiGo dips 8% on biggest quarterly loss in Q2; brokerages cut target price

With marginal improvement seen in Q3 dampened by the economic slowdown and weak demand, brokerages have slashed target prices

IndiGo flies deep into red with Rs 1,031 cr pre-tax loss in Sept quarter

The airline will continue to make provision for aircraft maintenance for the next two quarters

Festive season fails to lift air travel demand despite flash sales

Aviation experts blamed low business activity, muted consumer sentiment and closure of Jet Airways as main reasons for the lower number of passengers flying

IndiGo Q2 preview: Rupee depreciation may dent EBITDAR margin

Analysts at Prabhudas Lilladher, however, expect a higher revenue at Rs 8,364.7 crore, up 35.2 per cent YoY, on the back of increased international operation

China key focus for IndiGo as it looks to expand international network

IndiGo has launched services to four destinations in China and Vietnam in the last month alone

InterGlobe boardroom fight goes to Florida court, Bhatia challenges Gangwal

Bhatia said that was a breach of the shareholders agreement (SHA), which was agreed between him and Gangwal in 2015

One sector that's looking up: Airlines are buying planes, slashing prices

According to an industry estimate, scheduled carriers in India will add at least 30 aircraft by the year end, of which 20 would come in by the first week of November

Corporate tax cut, lower costs may take IndiGo out of air bubble

Change in board structure positive; consensus on RPT policy key factor

Strong winds force IndiGo to cut seating capacity on Delhi-Istanbul route

The carrier is blocking 29 out of 185 seats in its A320 planes, and 49 out of 222 seats in the A321 models

IndiGo's 3 pilots, 2 engineers grounded for not reporting engine vibrations

On August 30, the aviation regulator had said it was keeping a tab on the issues related to the PW engines in the Airbus A320neo planes and that it would act when warranted

Four more IndiGo planes with Pratt & Whitney engines face glitches

Glitches with Pratt & Whitney engines began to dog Indigo again with four more A320s and A321s reporting one issue or other between Sunday and Tuesday, according to a source. Besides, the airline is reportedly deploying a few planes powered by P&W engines for daily operations despite those planes earlier reporting heavy engine vibration, the source added. However, a senior DGCA official rebutted the allegations saying "some engines, which reported vibrations were within the limits prescribed by the US and European aviation safety regulators and they have been released for operations after boroscopic inspection." Nevertheless, the regulator is keeping a close watch on them, the official added. According to the source, on Tuesday an Indigo flight bound to Doha being operated by an A321 Neo plane (VT-IUC) was recalled to the bay from take-off holding point due to a technical issue in Delhi, while a full emergency was declared for a Chennai-Delhi flight on its ...

Question mark over independence of IndiGo chairman

Under the law, the chairperson of the board does not enjoy any special power, unless the Articles of Association confers casting vote

DGCA suspends 2 IndiGo pilots for flying plane with tail support attached

The two IndiGo pilots were suspended for 2 months. They were flying Hyderabad-Vijaywada flight on July 24

IndiGo flies in staff from other cities to restore Mumbai operations

Faced with public ire and regulatory scrutiny, IndiGo flew in staff from other cities to restore its operations at Mumbai airport

IndiGo passengers 'forced' to sit in stranded flight: DGCA to probe

IndiGo's operations at the city airport were hit hard with the carrier cancelling many flights on Wednesday following incessant rains in the city

Top 10 biz headlines: External benchmarking of rates, GST cut mooted & more

From RBI making it mandatory to link all fresh retail loans to an external benchmark to the FinMin crunching numbers to estimate revenue loss from GST rate cuts, here are today's top business news

Sebi seeks IndiGo's response to Gangwal's letter over corporate governance

Co-promoter questioned chairman's independence again

Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more

From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories

IndiGo flies past Air India on international routes, deploys more seats

Since June 2018, IndiGo has inducted 70 planes, taking the fleet to 239