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%
IndiGo, which cornered over 60% of the domestic market share, is expecting early double-digit growth in its capacity in the next fiscal.
The DGCA revised the fine from ₹30 lakh imposed earlier after considering submissions made by the airline major
Shares of India's biggest airline by market share opened at a record high of ₹2,490 on the NSE.
The stock was trading at ₹1,901 apiece on the National Stock Exchange (NSE) at 12:50 pm.
Elbers succeeds Ronojoy Dutta (71), who has decided to retire on 30 September 2022 after steering IndiGo through the turbulent Covid period.
Around 800-900 flights of India’s largest domestic airline were delayed on Friday as employees called in sick amid recruitment drives at rival airlines Air India, Jet Airways, and Akasa Air.