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Tags : "IndiGo"

IndiGo sees improvement in financials, says chances of raising funds

IndiGo today said that the financial situation of the airlines is improving as India reopens and they may not utilise the option of raising money through sale of equity shares, as announced earlier. “The plan to raise money through QIP has a 50-50 chance and the preferred path is to increase sales revenue,” IndiGo president […]Read More

IndiGo operated over 800 international charter flights in last 3

New Delhi: IndiGo on Wednesday said it operated more than 800 international charter flights during the last three months to repatriate 1.5 lakh passengers. Scheduled international passenger flights continue to remain suspended in India due to the coronavirus pandemic. However, international charter flights can operate as usual with the permission of aviation regulator Directorate General […]Read More

Travel curbs by some states hurting demand: IndiGo CEO

MUMBAI: Hoping that the COVID-19-hit aviation industry should be back on “track” within the next one-and-a-half years, budget carrier IndiGo parent InterGlobe Aviation’s Chief Executive Officer Ronojoy Dutta has said restrictions on travel by certain states are hurting demand. Speaking at an SBI-hosted virtual banking and economic conclave on ‘Impact of COVID-19 on Business & […]Read More

IndiGo may report Rs 2,670 crore loss for June quarter,

Mumbai: Budget carrier IndiGo is expected to report a loss of Rs 2,670 crore for the June 2020 quarter, while its rival SpiceJet’s losses during the quarter are likely to be at around Rs 1,000 crore, owing to operational disruptions and low fixed cost coverage, a report said on Wednesday. Regular operations of the domestic […]Read More

Domestic airlines may need USD 3-3.5 bn funding amid travel

MUMBAI: Domestic airlines, excluding IndiGo, may require funding requirements to the tune of USD 3-3.5 billion, with travel demand likely to remain subdued until the September quarter and no certainty of revival in the second half, aviation consultancy CAPA said in a report on Friday. The Centre for Asia Pacific Aviation (CAPA) had in late […]Read More

Day 2: Airline operations smoother, but AI faces ire

New Delhi | Mumbai: Operations at India’s airports were smoother on the second day after the chaos that marked the resumption of domestic flights on Monday. The number of flights increased, more people flew and additional destinations opened up. Airlines got better at managing travellers, although there were complaints about state-run carrier Air India. Flights […]Read More

Two days after Centre approves flights, states come in with

New Delhi/Mumbai: Two days after the Centre announced resumption of domestic flights in the country, prospects of air travel were thrown in massive confusion with some state governments specifying their own quarantine rules for arriving passengers while others hinting at a longer ban on domestic flights. The government had ordered a suspension of all flights […]Read More

IndiGo, SpiceJet tank after Warren Buffett dumps his airline stocks

Shares of Indian airliners tanked in Monday’s trade after the legendary investor Warren Buffett said he has dumped his entire stake in US airline companies, sending shockwaves to the industry across the world. Shares of Interglobe Aviation slumped 6.19 per cent to Rs 933 while its rival SpiceJet tanked 4.91 per cent to Rs 42.65. […]Read More

InterGlobe Aviation, Spicejet tank up to 19% on travel curb

Shares of aviation majors including InterGlobe Aviation and Spicejet tanked up to 19 per cent after the government on Wednesday imposed stringent travel curbs to the country as the World Health Organization (WHO) declared the Covid-19 outbreak a pandemic. The government late on Wednesday suspended “all existing visas, except diplomatic, official, UN/international organisations, employment, project […]Read More