Indigo soars in Q1, but is it too early to celebrate?
1 year, 4 months ago

Indigo soars in Q1, but is it too early to celebrate?

Live Mint  

An apocryphal story about billionaire British aviation entrepreneur Richard Branson goes Apocryphal or not, the story has more than a grain of truth to it. From fugitive liquor baron Vijay Mallya to erstwhile textile king Nusli Wadia, from textiles-to-tobacco billionaire SK Modi to the once-master of the Indian skies Naresh Goyal, India’s civil aviation history is littered with examples of billionaires who have gambled their fortunes on this business and lost. India’s largest airline by both fleet size and market share logged profit after tax of ₹3090.6 crore in April-June 2023, the highest ever single-quarter profit of any Indian carrier. It has now set yet another record by ordering 500 aircraft from Airbus, breaking Air India’s short-lived record order of 470 aircraft distributed between Boeing and Airbus. With record revenues and profits, revenue passenger kilometres up nearly a third from a year ago, more than 2.6 crore passengers carried in the first three months of FY24, and 500 more aircraft on the way, is this Indigo’s time in the sun?

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History of this topic

IndiGo's 100% stock rally: What comes next?
1 week, 6 days ago

IndiGo's 100% stock rally: What comes next?

Live Mint  

Imagine this: it’s 2015, and India’s largest airline by domestic market share—IndiGo, holding nearly 35%—is preparing for its initial public offering. Improved connectivity and expanding infrastructure will not only bring more passengers into the fold but also reinforce IndiGo’s position as a market leader in India’s soaring aviation sector. Scaling with market growth: India’s aviation sector is poised for exponential …

Air India places firm order for 100 more aircraft with Airbus
Trending News
2 weeks, 1 day ago

Air India places firm order for 100 more aircraft with Airbus

Live Mint  

New Delhi: Tata Sons-owned Air India on Monday said it has placed a firm order for 100 more aircraft with Airbus. With the latest order, Air India's total order book now stands at 570 aircraft, which has overshadowed IndiGo's previous order of 500 aircraft. In 2023, Air India placed an order for 470 aircraft with Boeing and Airbus worth $70 …

IndiGo, a longtime Airbus customer, is now adding Boeing planes
2 weeks, 1 day ago

IndiGo, a longtime Airbus customer, is now adding Boeing planes

Live Mint  

Surprising as it may sound, the airline with the largest order book with Airbus is inducting more Boeing 737 MAX 8 aircraft into its fleet, albeit on wet-lease. It has seen the transfer of routes from the mainline carrier and also the transfer of aircraft from Air India to Air India Express. With a cost structure lower than Air India …

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines
2 weeks, 6 days ago

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines

Live Mint  

Low-cost carrier IndiGo refuted an AirHelp survey which alleged that the airline came among the worst on the basis of certain parameters including punctuality, reported the news agency PTI on Wednesday, December 4. The survey conducted compared the world's biggest and most popular airlines and rated them according to their punctuality, the airline's quality of service, and how well the …

IndiGo: Navigating turbulence as market leader
2 weeks, 6 days ago

IndiGo: Navigating turbulence as market leader

Live Mint  

On 17 November, India’s domestic air traffic surpassed half a million passengers in a single day for the first time, marking a milestone for the country's aviation industry. In October, the last full month with available data, India’s top airline, IndiGo, expanded its already outsized market share for the fourth straight month, to nearly match its all-time high of 63.4% …

'Scored high on punctuality': IndiGo responds to being rated among world's worst airlines
3 weeks ago

'Scored high on punctuality': IndiGo responds to being rated among world's worst airlines

India TV News  

In a latest development, the IndiGo airlines on Wednesday said it has consistently scored high on punctuality, and refuted a survey that claimed the airline is among the worst on the basis of certain parameters, including punctuality. In a statement, IndiGo said the data published in the survey does not report the sample size from India, and neither takes into …

IndiGo on being rated among world's worst airlines: Doubt survey's credibility
Trending News
3 weeks ago

IndiGo on being rated among world's worst airlines: Doubt survey's credibility

India Today  

IndiGo, India's largest airline, has been rated among the world's worst airlines in the 2024 global rankings released by AirHelp, a European Union claims processing agency. The data published in the survey by AirHelp, an EU claim processing agency, does not report the sample size from India, and neither takes into account the methodology or compensation guidelines used by the …

Indian Airlines Unable To Hike Fares Despite Surging Travel Demand, Says Report
3 weeks ago

Indian Airlines Unable To Hike Fares Despite Surging Travel Demand, Says Report

ABP News  

The aviation industry in India has been booming recently with demand for travel surging, however, the airlines are still struggling to increase their fares. Official data from the International Air Transport Association revealed that domestic flight prices majorly remained stagnant, often reaching close to or even below 2025 levels. The data showed that airfares have not been able to keep …

IndiGo Dominates Domestic Air Passenger Traffic In October With 63.3 Per Cent Market Share, DGCA Data Reveals
4 weeks ago

IndiGo Dominates Domestic Air Passenger Traffic In October With 63.3 Per Cent Market Share, DGCA Data Reveals

ABP News  

Domestic air passenger traffic in India surged in October, official data revealed. The country’s domestic air traffic climbed 5.3 per cent in October 2024 and reached 1.36 crore passengers, the latest data from the Directorate General of Civil Aviation revealed. The collective market share of Air India for the month under review stood at 19.4 per cent, while Vistara accounted …

Flying’s new high: Raise a toast to it?
1 month ago

Flying’s new high: Raise a toast to it?

Live Mint  

It’s ironic that airlines in India aren’t in the best of shape, but demand for air travel in the country is touching new peaks. Surprisingly, though, a new record has been scaled weeks after Diwali, which suggests durable strength in this market, with its pandemic slump now a fading memory. While capacity has expanded a bit, a long expected wait …

IndiGo and Air India are taking the battle to each other like never before
1 month, 1 week ago

IndiGo and Air India are taking the battle to each other like never before

Live Mint  

As 6E-6814 took off for Mumbai on Thursday from Delhi, IndiGo made history as it started offering dual-class seating. The flight is historic for both IndiGo and Indian aviation and comes in the same week of another historic event taking place — the merger of Vistara with Air India. Air India taking the battle to IndiGo As Vistara merged into …

IndiGo's Engine Troubles: A Grounding Odyssey
1 month, 4 weeks ago

IndiGo's Engine Troubles: A Grounding Odyssey

Live Mint  

IndiGo's recovery from aircraft grounding is progressing, with the number of non-operational planes expected to decline below 60 by the end of the year and below 40 by March. The airline has seen a healthy recovery in revenue, driven by strong demand from India's growing pool of upwardly mobile passengers. However, the faulty engines have taken a toll on the …

IndiGo Airlines to launch business class on THESE domestic and international routes: ‘We will have…’
6 months, 3 weeks ago

IndiGo Airlines to launch business class on THESE domestic and international routes: ‘We will have…’

Live Mint  

IndiGo Airlines is launching business class seats on some of its aircraft that will fly over prominent domestic and international routes, CNBC-TV18 reported. During the recent earnings conference call, IndiGo's CEO Pieter Elbers revealed the airline's foray into the business class segment. "We will have business class seats deployed on India’s busiest and business routes," CNBC-TV18 quoted an Indigo official. …

Jet, Let, Go: The economics behind IndiGo’s business class strategy
7 months ago

Jet, Let, Go: The economics behind IndiGo’s business class strategy

Hindustan Times  

In a surprising announcement, IndiGo has said that it will have business class on its flights on busiest and business routes before the end of the year. The business class seats available in India are all by Tata group of airlines led by Full Service carriers Air India and Vistara, along with some seats on offer on the 737 MAX8 …

IndiGo to Introduce Business Class in Select Routes This Year
7 months ago

IndiGo to Introduce Business Class in Select Routes This Year

News 18  

After flying for nearly 18 years, the country’s largest airline IndiGo on Thursday announced it will introduce business class in select routes this year, as the carrier seeks to provide more options for passengers amid rising economic growth. The airline will launch a “tailor-made business product”, the details of which will be unveiled around August that will also mark the …

IndiGo to launch a tailor-made business product
7 months ago

IndiGo to launch a tailor-made business product

Deccan Chronicle  

India: In a groundbreaking move to redefine business travel in India, IndiGo, India's mostpreferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes.Almost 18 years back, IndiGo revolutionized air travel in India by focusing on 3 customer promises of affordable fares, on-time performance, and hassle-free and courteous service. Considering India’s soaring economy and …

Domestic Air Traffic Rises 2 Per Cent In April YoY, IndiGo Maintains Hold On 60 Per Cent Of Market Share
7 months ago

Domestic Air Traffic Rises 2 Per Cent In April YoY, IndiGo Maintains Hold On 60 Per Cent Of Market Share

ABP News  

India’s aviation industry clocked a growth in domestic air traffic in April 2024, official data from the Directorate General of Civil Aviation revealed. The data showed that the domestic airlines flew 132 lakh passengers in April 2024, against 128.88 lakh passengers flown during the same month a year earlier, marking a growth of 2.42 per cent on a year-on-year basis. …

IndiGo announces special bonus for staff
7 months, 3 weeks ago

IndiGo announces special bonus for staff

Live Mint  

In a sign of positive sentiment for the Indian aviation industry, India's largest airline IndiGo has announced a one-time special bonus for its employees. The company said that it will process a one-time special bonus amounting to around 1.5 months of basic salary, as per a communication sent to IndiGo staff. "We started our path to recovery in the second …

IndiGo CEO Pieter Elbers says delivery of Airbus A350-900 aircraft to start in 2027
7 months, 3 weeks ago

IndiGo CEO Pieter Elbers says delivery of Airbus A350-900 aircraft to start in 2027

Live Mint  

IndiGo Chief Executive Officer Pieter Elbers on Tuesday said the delivery of Airbus A350-900 aircraft would commence in 2027. Interglobe Aviation-owned IndiGo has placed an order for 30 Airbus A350-900 aircraft. In a statement, IndiGo said it is entering the "wide-body space with an order for 30 firm Airbus A350-900 aircraft”. “The mission capability of this aircraft coupled with the …

IndiGo’s new Airbus order: What it means for India’s largest airline
7 months, 4 weeks ago

IndiGo’s new Airbus order: What it means for India’s largest airline

Hindustan Times  

The first hint of IndiGo’s widebody plans had come up in 2017. IndiGo’s new Airbus order: What it means for India’s largest airline IndiGo - the country’s largest carrier, has “agreed” to place a firm order for 30 A350-900 aircraft with Airbus. Dreams in place since 2017 IndiGo’s intention to express interest in international operations of Air India group made …

IndiGo orders 30 Airbus 350-900 wide-body planes for international expansion
7 months, 4 weeks ago

IndiGo orders 30 Airbus 350-900 wide-body planes for international expansion

Hindustan Times  

IndiGo, the country's largest airline, on Thursday placed order of 30 wide-body A350-900 planes as part of its expansion into international markets. IndiGo orders 30 A350-900 wide-body planes for international expansion. IndiGo, with a fleet of over 350 aircraft, made headlines last June when it placed the largest single aircraft order in aviation history, securing 500 planes from Airbus. Alongside …

IndiGo aims to double its network by 2030: CEO
8 months, 4 weeks ago

IndiGo aims to double its network by 2030: CEO

Hindustan Times  

​IndiGo, India’s largest airline firm, aims to double its network by 2030, chief executive officer Pieter Elbers said in an interview. I think it’s the nature of airlines to deal with those variations, and for consumers to decide whether they really want to travel on that specific day or they want to travel on another day. Do you think that …

Top 5 things every air passenger looking to travel this summer should know
9 months ago

Top 5 things every air passenger looking to travel this summer should know

Hindustan Times  

The Directorate of Civil Aviation has approved the northern summer schedule 2024 for airlines in India. The approved schedule sees operations to 125 airports, the highest and 24,275 weekly domestic departures across airlines. The international schedule of Indian airlines hasn't grown well, even as Air India, Air India Express and IndiGo have constantly talked about growing international services rapidly. IndiGo …

IndiGo’s Q3 profit surges 53% as India air travel demand grows
10 months, 2 weeks ago

IndiGo’s Q3 profit surges 53% as India air travel demand grows

Hindustan Times  

IndiGo, India’s biggest airline, reported a profit for a fifth straight quarter as the budget carrier captured a higher share of passenger traffic during the period. Net income rose 53% to 29.98 billion rupees in the three months through Dec. 31, IndiGo said in a stock exchange filing Friday. Its already large share, currently at 62%, has been growing considering …

Smooth landing for Indigo in Q3 but capacity concerns remain
10 months, 2 weeks ago

Smooth landing for Indigo in Q3 but capacity concerns remain

Live Mint  

InterGlobe Aviation Ltd, which runs IndiGo, ticked the right boxes in the December quarter. Besides, IndiGo expects to surpass its FY24 capacity addition guidance of north of mid-teens and is likely to deliver 20% plus growth. However, to aid capacity growth, the airline is taking mitigation measures such as procurement of additional aircraft in the form of damp and secondary …

IndiGo: CEO Pieter Elbers Addresses Key Issues and Assures Passenger-Friendly Future
1 year, 1 month ago

IndiGo: CEO Pieter Elbers Addresses Key Issues and Assures Passenger-Friendly Future

News 18  

In the ever-evolving aviation industry, IndiGo has made headlines recently with a series of bold decisions and reactions, stirring conversations both within and outside the airline’s corridors. In a recent exclusive interview with CNN News18, IndiGo’s CEO Pieter Elbers shed light on some of the airline’s most pressing issues, from fuel charges to engine problems, and the future of India’s …

IndiGo Posts Q2 Profit At Rs 188.9 Crore On Higher Air Traffic, Capacity
1 year, 1 month ago

IndiGo Posts Q2 Profit At Rs 188.9 Crore On Higher Air Traffic, Capacity

News 18  

IndiGo Q2 Results: InterGlobe Aviation, the owner of India’s largest airline IndiGo, on Friday posted a profit after tax of Rs 188.9 crore for the second quarter ended September 30, 2023, on the back of higher air traffic and increased capacity. IndiGo’s total income in July-September 2023 jumped 20.6 per cent to Rs 15,502.9 crore. IndiGo said passengers increased by …

Indigo Q1 Results: Net profit at ₹3,090 crore, revenue up 30% YoY
1 year, 4 months ago

Indigo Q1 Results: Net profit at ₹3,090 crore, revenue up 30% YoY

Live Mint  

InterGlobe Aviation Limited on Wednesday announced the results for the June quarter and said that it reported a net profit of ₹3,090 crore for Q1 of financial year 2023-24, and is its highest-ever quarterly net profit. The low cost airline had reported net loss of ₹1,064.2 crore in the corresponding period of the previous year, it said in a regulatory …

World leaders hail Air India, IndiGo order of around 1500 aircrafts; 'Will provide millions of jobs in US'
1 year, 6 months ago

World leaders hail Air India, IndiGo order of around 1500 aircrafts; 'Will provide millions of jobs in US'

India TV News  

As major Indian airlines-- IndiGo and Air India-- placed orders for nearly 1500 aircraft of Boeing and Airbus, world leaders gathered during the recent visit of Prime Minister Narendra Modi to the United States, applauded the deal and expressed satisfaction as it will produce millions of jobs in America, especially at a time when the country is reeling under economic …

UK PM Rishi Sunak hails IndiGo mega deal with Airbus, says will support thousands of jobs at difficult time
1 year, 6 months ago

UK PM Rishi Sunak hails IndiGo mega deal with Airbus, says will support thousands of jobs at difficult time

India TV News  

As IndiGo, India’s largest airline by market share, placed a firm order for 500 A320 Family aircraft, UK Prime Minister Rishi Sunak applauded the deal and expressed satisfaction as it will produce thousands of jobs in the United Kingdom, especially at a time when the country is reeling under worst economic turbulence. The latest agreement takes the total number of …

Airbus inks record order with IndiGo, eclipses Air India deal
1 year, 6 months ago

Airbus inks record order with IndiGo, eclipses Air India deal

Firstpost  

Europe’s Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. The multibillion-dollar deal eclipses Air India’s combined purchase of 470 jets earlier this year as India’s two largest carriers plan for a …

IndiGo buys 500 planes from Airbus, the largest order in aviation history
1 year, 6 months ago

IndiGo buys 500 planes from Airbus, the largest order in aviation history

Hindustan Times  

IndiGo, India’s largest airline, said it will buy 500 A320 planes from Airbus in the largest order in the history of commercial aviation. “It is difficult to overstate the significance of IndiGo’s new historic order for 500 Airbus A320 Family aircraft. “This order strongly reaffirms IndiGo’s belief in the growth of India, in the A320 Family and in our strategic …

IndiGo buys 500 planes from Airbus, the largest order in aviation history
1 year, 6 months ago

IndiGo buys 500 planes from Airbus, the largest order in aviation history

Live Mint  

IndiGo airline announced on Monday that it has made a record order for 500 Airbus A320 aircraft. In a statement, IndiGo airline termed the order as the largest-ever single aircraft purchase by any airline with Airbus and informed that the deliveries of the aircraft are expected between 2030 to 2035. This 500 aircraft order is not only IndiGo’s largest order, …

IndiGo, Vistara to operate flights on THESE new international routes from August
1 year, 6 months ago

IndiGo, Vistara to operate flights on THESE new international routes from August

India TV News  

The Directorate General of Civil Aviation has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. Earlier this year, Tata Group-owned Air India had placed orders for 470 aircraft with Airbus and Boeing. This 500 aircraft order is not only IndiGo’s largest order, but also the largest-ever single aircraft purchase by any …

IndiGo buys 500 planes from Airbus, the largest order in aviation history
1 year, 6 months ago

IndiGo buys 500 planes from Airbus, the largest order in aviation history

Deccan Chronicle  

PARIS/DELHI: Europe's Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. Efforts by Indian carriers to keep pace with the world's fastest-growing aviation market, serving the largest population, have sent industry records …

IndiGo hits record market share in domestic aviation
1 year, 6 months ago

IndiGo hits record market share in domestic aviation

Live Mint  

IndiGo, India’s largest airline, achieved a record market share of 61.4% in the domestic civil aviation industry in May, according to data from the Directorate General of Civil Aviation. Air India group airlines also registered more than 90% load factors with Air India at 90.1% compared to 87.9% a month ago, Vistara at 93.2%, and Air Asia India at 92.8% …

Explained: Why IndiGo shares surged sharply today
1 year, 7 months ago

Explained: Why IndiGo shares surged sharply today

India Today  

Shares of budget carrier IndiGo’s parent company Interglobe Aviation Limited surged sharply on Wednesday. Lenders to Go First, including Central Bank of India, Bank of Baroda, IDBI, and Axis Bank, saw their shares fall in early trade as the insolvency filing came as a surprise to them. Another airline, Spicejet, which is also struggling with its own set of financial …

India resists calls for more air access in drive to be global aviation force
1 year, 9 months ago

India resists calls for more air access in drive to be global aviation force

Live Mint  

India dampened foreign airline hopes for more access to its airports on Tuesday, with its aviation minister urging domestic carriers to fly long-haul and help establish new hubs as it seeks to recapture control of Indian travel from foreign rivals. "We are going to see an explosion of air traffic in India in the years to come," he said, adding …

IndiGo pits Boeing against Airbus in record jet order talks: Report
1 year, 9 months ago

IndiGo pits Boeing against Airbus in record jet order talks: Report

Live Mint  

Indian budget carrier IndiGo is in talks with both Boeing and its current supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago, industry sources said. India's largest airline has until now been an exclusive buyer of narrow-body jets from Airbus and French Finance Minister Bruno …

IndiGo Q3 net profit up 1,000% to ₹1,442 cr
1 year, 10 months ago

IndiGo Q3 net profit up 1,000% to ₹1,442 cr

Live Mint  

InterGlobe Aviation, the parent company of Indigo on Friday reported 1000 per cent rise in net profit to ₹1422.6 crore for the December 2022 quarter. For the quarter, passenger ticket revenues were ₹13162.4 crore, an increase of 63.0% and ancillary revenues were ₹1422.2 crore, an increase of 24.6% compared to the same period last year. Total expenses for the quarter …

India air passenger traffic up 47% in 2022
1 year, 11 months ago

India air passenger traffic up 47% in 2022

Live Mint  

India air passenger traffic has risen by 47% on year to 123.2 million passengers in 2022, indicating a strong recovery from the dampened travel sentiment seen in 2021 and 2020 due to covid pandemic, data from the Directorate General of Civil Aviation showed. The annual air passenger traffic in 2022 was still 14.5% lower than the air traffic seen in …

IndiGo Q2 Results: Airline's Loss Widens To Rs 1,583 Crore On Higher Expenses
2 years, 1 month ago

IndiGo Q2 Results: Airline's Loss Widens To Rs 1,583 Crore On Higher Expenses

ABP News  

InterGlobe Aviation, the parent firm of the country's largest domestic airline IndiGo, on Friday logged widening of loss to Rs 1,583.34 crore for the September quarter, mainly because of higher expenses. However, IndiGo's revenues zoomed to Rs 12,852.29 crore in the second quarter of the current fiscal year, from Rs 5,798.73 crore in the same period a year ago, according …

Why the challenge to IndiGo hasn't taken off
2 years, 3 months ago

Why the challenge to IndiGo hasn't taken off

Live Mint  

NEW DELHI : In July this year, as passengers flocked to airports and the domestic aviation business picked up steam, the country’s largest airline appeared to sputter. IndiGo reported an On Time Performance of 80.8% that month from the four large metro airports, lagging every other scheduled domestic airline except Alliance Air, according to data from aviation regulator Directorate General …

The headwinds on Indigo’s profit path
2 years, 4 months ago

The headwinds on Indigo’s profit path

Live Mint  

One of the things that stands out in InterGlobe Aviation Ltd’s June quarter results is the strength in its yields, a measure of pricing. IndiGo’s yields rose to ₹5.24 in the June quarter from ₹4.40 in the preceding three months and ₹3.48 in the year-earlier quarter. The 15-day domestic forward prices also dipped by 8% month on month due to …

IndiGo expects to be on ‘profitable growth’ path soon; working to address staff issues: Dutta
2 years, 4 months ago

IndiGo expects to be on ‘profitable growth’ path soon; working to address staff issues: Dutta

The Hindu  

IndiGo expects to be on the “profitable growth” path soon as the pandemic-triggered crisis seems to be ending and the airline is also working to address the issues of employees, according to its CEO Ronojoy Dutta. I assure you that we are working on resolving each and every issue to ensure that we continue our journey to become better than …

IndiGo launches special fares on 15 year anniversary
3 years, 4 months ago

IndiGo launches special fares on 15 year anniversary

India TV News  

To celebrate its 15 years of operations, airline major IndiGo on Wednesday announced a three-day special sale offering all-inclusive fares starting from Rs 915 on its domestic and international connections. "Additionally, the '6E' add-ons including 'Fast Forward, 6E Flex, 6E Bagport' are being offered at Rs 315 while the 'Car Rental' service will start at Rs 315." According to Ronojoy …

IndiGo Operated Over 1,700 Cargo Flights Since Lockdown, Transported 14,300 Tonnes of Supplies
4 years, 3 months ago

IndiGo Operated Over 1,700 Cargo Flights Since Lockdown, Transported 14,300 Tonnes of Supplies

News 18  

Budget carrier IndiGo operated over 1,700 cargo charter flights, transporting over 14,300 tonnes of supplies between April 18 and September 7, which is equivalent to the total cargo handled by the carrier in the last fiscal, the airline said on Friday. We have deployed 10 aircraft for cargo operations and will continue this arrangement even after we resume operations at …

IndiGo to raise at least ₹20 billion via leaseback
4 years, 4 months ago

IndiGo to raise at least ₹20 billion via leaseback

Live Mint  

BENGALURU/NEW DELHI: IndiGo, India's largest airline, said on Wednesday it planned to raise at least ₹20 billion through the sale and leaseback of planes and other assets, after reporting its steepest quarterly loss in at least five years. Chief Financial Officer Aditya Pande said the airline, owned by Interglobe Aviation Ltd, would consider raising even more than 20 billion rupees …

Indigo's 10% job cuts heralds a bumpy ride
4 years, 5 months ago

Indigo's 10% job cuts heralds a bumpy ride

India Today  

The worst fears are coming true for staff in India’s airline industry. CAPA has further warned that ‘it will be impossible to survive this crisis without a strong balance sheet.’ In that sense, the fact that IndiGo, which had a 47.5 per cent share of the domestic passenger market in December 2019, should raise the red flag by announcing the …

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