Page 44 - Indigo

IndiGo suspends Srinagar ground staff for security breach

The suspension came after investigations proved that the chief security officer of the airport had breached security

IndiGo to add 10 more flights

With the addition of these new flights, the total number of flights operated by the budget carrier per day will go up to 773.

IndiGo yet to fully pass on gains from cheap fuel

Amid rising concerns over higher airfares despite fall in oil prices, no-frills airline IndiGo has acknowledged that it is not "passing on all" the benefits accruing from lower fuel costs to the customers. The steep fall in international crude oil prices in recent times has provided a boost for airlines as ATF (Aviation Turbine Fuel) costs account for over 40 per cent of a carrier's total operating costs. IndiGo President and Whole Time Director Aditya Ghosh said the airline continues to use the low cost fuel opportunity to lower fares and register strong increases in passenger numbers. However, the full benefits of fall in fuel prices are not passed on to the customers, he said. "If you look at fourth quarter (January-March 2015-16), then fuel prices came down 29.5 per cent whereas the average fares came down I think above 15.2 per cent. "So clearly, we are not passing on all of its back to the customers, but of course the lower fuel prices and the lower average .

IndiGo slumps most in 2 months

The stock has dropped 17 per cent this year, compared to a 2.6 per cent loss for the benchmark BSE Sensex

IndiGo slips on lacklustre fourth quarter results

It posted a flat net profit of Rs 579 crore on rupee depreciation and pressure on yields owing to rising competition

IndiGo profit flat at Rs 579 cr

Due to higher non-fuel costs, yield pressure

IndiGo revises cancellation fee, will now charge flat Rs 2,250

Cancellation fees treated as an ancillary revenue for airlines and hiking it enables carriers to grow its share

Aviation shares surge; IndiGo, SpiceJet up over 5%

IndiGo surged 9%, while SpiceJet soared 7% and Jet Airways by 4% on the BSE in intra-day trade.

IndiGo receives first Airbus A320neo after delay

Lufthansa and IndiGo are first operators for upgraded Airbus jet after launch customer Qatar Airways rejected delivery due to engine teething problems

IndiGo to receive 3 A320neos in Mar

The A320neo promises 15 per cent lower fuel burn from day one and 20 per cent fuel savings by 2020

IndiGo extends fall; down over 5%

The stock dipped 7% to Rs 802, extending its previous day's nearly 2% fall, erasing its entire previous week gain on NSE.

IndiGo to get A320neos beginning this March

IndiGo was scheduled to induct these planes in the fleet from December last year

IndiGo to buy 250 jet A320Neo aircraft from Airbus

Airbus said India's budget airline IndiGo had committed to an earlier provisional order to buy 250 A320Neo aircraft, handing the European company its biggest-ever deal by number of planes.

IndiGo reports Rs 1,300 cr profit in FY15

It was Rs 317 cr a year earlier

IndiGo says Airbus to deliver delayed A320neo jets from March

A320neo is an upgraded fuel-saving version of its best-selling medium-haul jet

IndiGo to receive Airbus A320neo from this month, to induct 24 planes till next March

Airline gives profit warning for Q4, says profit will be impacted due to rupee depreciation