IndiGo share tanks 13% on ₹987 cr Q2 loss
Profitability was impacted due to higher fuel costs and the grounding of several planes due to engine issues; the airline's revenue jumped 13.5%
Profitability was impacted due to higher fuel costs and the grounding of several planes due to engine issues; the airline's revenue jumped 13.5%
The ATF price has been reduced by almost ₹6,000 per kilolitre for the second month in a row in October.
IndiGo promoter and co-founder Rakesh Gangwal, who holds 5.89% shares in the airline, is looking to exit the company by selling his stake.
Ticket bookings for IndiGo's business service ‘Stretch’ will open for sale from August 6, 2024, on the Delhi-Mumbai sector, starting from mid-November at a price of ₹18,018.
IndiGo's total expenses jumped 24% to ₹17,449 crore in the June quarter, with aircraft fuel expenses at ₹6,416 crore, up 22.7% compared to ₹5,228 crore in the year-ago period.
The Indian financial sector in the Reserve Bank’s domain remains insulated from the global outage.
With its 1.55 crore domestic capability, India replaced Brazil which on the contrary saw a decline in its domestic market
Rahul Bhatia, the promoter and managing director of IndiGo, is looking to sell around 2% stake in the company through his entity Interglobe Enterprises.
Why India’s leading private airline IndiGo’s decision to introduce wide body aircraft for the first time received a muted response
IndiGo’s full-year profit zooms to ₹8,172.5 crore in FY24 compared to a net loss of ₹305.8 in FY23