IndiGo – Page 2 – The News Desk

IndiGo: IndiGo logs profit for 4th quarter in row

3Nov

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Business

IndiGo: IndiGo logs profit for 4th quarter in row

NEW DELHI: IndiGohas reported a profit of Rs 189 crore in the September quarter, against a loss of Rs 1,583 crore in Q2 last fiscal. India's largest domestic airline saw its total income rise 21% to Rs 15,503 crore this Q2 from Rs 12,582 crore last year. The airline's capacity increased by 27.7% and passengers carried rose 33.4% to 2.6 crore in the traditionally weakest travel quarter.IndiGo scrip closed flat at Rs 2,509 on the BSE on Friday.IndiGo CEO Pieter Elbers said: "... Another profitable quarter despite seasonal fluctuations and external headwinds coming into play. With our clear strategy and focus on execution, we have completed a full cycle and remained profitable for the last four quarters. We continued to augment our network both domestically and internationally as we added 10...

Indian carriers to operate 8 pc more weekly flights at 23,732 in winter schedule

23Oct

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Business

Indian carriers to operate 8 pc more weekly flights at 23,732 in winter schedule

NEW DELHI: Indian airlines will operate a total of 23,732 flights every week during the winter schedule, which is more than 8 per cent higher than the year-ago period, amid rising air traffic demand. The winter schedule 2023 -- effective from October 29 to March 30 next year -- for the scheduled carriers has been approved by aviation regulator DGCA. Go First, which stopped flying from May 3 and is undergoing an insolvency resolution process, will not be having any operations during the winter schedule. The Directorate General of Civil Aviation (DGCA) on Monday said there will be "23,732 departures per week which have been finalised to/from 118 airports" as the winter schedule 2023. In the winter schedule 2022, there were 21,941 weekly flights from 106 airports, reflecting an 8.16 per ce...

India one of most competitive markets; IndiGo seeks to become more global: Pieter Elbers

26Sep

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Business

India one of most competitive markets; IndiGo seeks to become more global: Pieter Elbers

NEW DELHI: India is an incredible and one of the most competitive aviation markets in the world, IndiGo CEO Pieter Elbers said on Tuesday and asserted that the airline is seeking to become bigger and more global.The chief of the country's largest airline said it is building its own international network, adding new overseas routes from existing cities and enhancing partnerships with other carriers.Besides, the carrier is taking various mitigating measures to deal with issues related to Pratt & Whitney (P&W) engines that power its A320 fleet. It has grounded many aircraft due to the engine woes.IndiGo, which started flying more than 17 years ago, operates nearly 1,900 flights daily with more than 320 planes and has a domestic market share of over 63 per cent. In recent months, the ...

IndiGo should be compared with global carriers, not domestic: CEO Elbers

26Sep

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Business

IndiGo should be compared with global carriers, not domestic: CEO Elbers

IndiGo’s size should be compared with global carriers and not other domestic airlines as such benchmarking will help India transform its airports into aviation hubs, said Chief Executive Officer Pieter Elbers on Tuesday. Elbers flagged the tendency to scrutinise domestic competition, assess fares on domestic routes, and determine if they are high. "But if we want to build some hubs, we should have a broader look. We should look at what is our international competition and how come between Europe and India the majority of flights are not operated by the Indian carriers," he said. "Rather than having a discussion on how much competition there is between Mumbai and Guwahati, we should focus on how come there are so few direct flights between Delhi and Rome. That is the p...

British Airways signs new codeshare with IndiGo – Business Traveller

25Sep

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Travel

British Airways signs new codeshare with IndiGo – Business Traveller

British Airways has announced a new codeshare deal with India’s largest domestic carrier. From 12 October customers will be able to purchase single ticket connections from London via either Delhi or Mumbai onto eight destinations operated by IndiGo. These include three Indian cities which will be available through British Airways for the first time – Thiruvananthapuram in the state of Kerala, and Rajkot and Vadodara in the state of Gujurat. The full list of new codeshare routes is as follows: London Heathrow to Amritsar via New Delhi London Heathrow to Kochi via Mumbai London Heathrow to Ahmedabad via Mumbai London Heathrow to Goa via Mumbai London Heathrow to Thiruvananthapuram via Mumbai London Heathrow to Kolkata via Mumbai London Heathrow to Rajkot (Hirasar) via Mumbai London Heathr...

Pratt & Whitney: Pratt unending woes: ‘700 engines to be removed for checks by 2026’; IndiGo scouts to lease planes

12Sep

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Business

Pratt & Whitney: Pratt unending woes: ‘700 engines to be removed for checks by 2026’; IndiGo scouts to lease planes

NEW DELHI: The bad news from Pratt & Whitney (PW) shows no signs of ebbing for customer airlines using its snag-ridden engines on the best-selling single aisle Airbus A320neo planes and passengers. The engine-maker has now warned that “600 to 700 engines will be removed for shop visits between 2023 and 2026 (and) the accelerated removals and incremental shop visits will result in higher aircraft on ground.” As the world’s biggest customer for A320 family aircraft, IndiGo is trying to lease over 20 older generation A320ceos to cope with what could further aggravate its grounded fleet situation. India’s largest domestic airline has a fleet of over 300 planes of which almost 50 are grounded for want of PW engines.The neos were supposed to be more fuel efficient than the A320ceos but the ...

Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today

15Aug

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Business

Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today

The family of IndiGo co-founder Rakesh Gangwal is likely to sell shares worth Rs 3,730 crore through a block deal on Wednesday, according to a term sheet. This is part of Gangwal’s plan to bring down his family's stake in the company. The offer floor price for the deal is Rs 2,400 per share, which is a 5.8 per cent discount to the company’s last closing price of Rs 2,549 per share. The Gangwal family has put up 15.6 million shares for sale, representing approximately 4 per cent of its existing outstanding shares in the company. The total stake of the promoters in InterGlobe Aviation stood at 67.77 per cent as of June 2023, of which Gangwal and his related entities held 29.72 per cent, according to the BSE data. After Wednesday’s block sale, th...

Indigo: IndiGo starts flights between Delhi and Tbilisi

9Aug

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Business

Indigo: IndiGo starts flights between Delhi and Tbilisi

PUNE: IndiGo has commenced direct tri-weekly flights to Tbilisi from Delhi, starting from August 8, its officials said on Tuesday. The city, which is the capital of Georgia, Tbilisi marks the 29th international and 107th overall destination in the 6E network. “IndiGo proudly becomes the first airline to provide direct connectivity between the two cities, reinforcing trade, economic, and cultural ties. This new air bridge represents a significant milestone in strengthening the deep-rooted connections between India and Georgia,” a senior airline official said. As Tbilisi and Delhi share commonalities in rich history and vibrant culture, customers will benefit from the connection between these two cities.Vinay Malhotra, Head of Global Sales at IndiGo, said, “We are delighted to commence the ...

DGCA imposes penalty of Rs 30 lakh on IndiGo for tail strike incidents

28Jul

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Business

DGCA imposes penalty of Rs 30 lakh on IndiGo for tail strike incidents

The audit highlighted the deficiency in the training and engineering procedure of IndiGo The Directorate General of Civil Aviation (DGCA) on Friday imposed a financial penalty of Rs 30 lakh on IndiGo airline for four tail strike incidents within a span of six months this year. The DGCA conducted a special audit of IndiGo to examine the company's documentation and procedures pertaining to the operations, training, engineering, and flight data management (FDM) programme. The audit highlighted the deficiency in the training and engineering procedure of IndiGo. The DGCA issued a show cause notice to the airlines, instructing them to submit their response within the specified timeframe. However, upon review at different levels, the provided reply was deemed un...