IndiGo airlines said that some of its servers were hacked earlier in the month of December and hackers might upload some internal documents on public platforms
IndiGo, which has some 730 Airbus SE A320neo planes on order, laid off about 10% of its workforce due to the pandemic-driven slowdown
The airline is gearing-up for the expected demand and plans to Regional routes will take centre stage in aviation's growth especially in the near future
International flights are restricted and being run as charter operations.
SpiceJet rallied 13 per cent to Rs 91.85 on the back of heavy volumes, while InterGlobe Aviation-run IndiGo gained 5 per cent to Rs 1,731 on the BSE
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InterGlobe Aviation which operates the country's largest airline, IndiGo, saw its revenue decline 64.5 per cent year on year to Rs 3029 crore in the September-end quarter
The low cost carrier's revenue jumped 257 per cent sequentially to Rs 2,704.9 crore from Rs 766.7 crore reported in Q1FY21
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Prabhudas Lilladher expects yields to remain strong during the recently concluded quarter, growing 10 per cent YoY, on the back of pricing disciple, charter and Vande Bharat flights
Analysts at Centrum Broking note that Brent crude prices declined sharply by 30 per cent YoY, while domestic ATF prices declined 32 per cent YoY, leading to lower fuel costs
The company said it has taken a number of actions to mitigate the impact and risks of Covid-19 to its business.
The analysts expect Indigo's earnings per share (EPS) to improve to Rs 71 in FY22
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Indian airlines resumed domestic operations from May 25 after being grounded for two months
During the analysts' call post Q1FY21 results, Ronojoy Dutta, chief executive officer of the airline had said that the airline was working on the sale and lease back of their unencumbered assets
Despite the Covid-19 pandemic, analysts say the Indian aviation sector holds promise from a long-term perspective and that the macro-economic factors remain conducive
The airline recouped morning losses and was trading 1.73 per cent higher ahead of its Board meeting, scheduled for later today, to consider raising Rs 2,000 crore
The company said closure of scheduled operations till May 24, 2020 and lower capacity deployment thereafter on account of Covid-19 significantly impacted the quarterly results
Analysts at Centrum Broking estimate the airline to clock a net loss of Rs 2,672.6 crore driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs