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 dry leases. Further, while IndiGo expects yields to stay stronger for the next six months, Jefferies India believes the metric may come under pressure, as Air India’s large fleet comes online in the year. “A likely duopolistic industry str-ucture dominated by IndiGo and Air India bodes well," said a Nuvama Research report on 2 February.

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History of this topic

IndiGo's 100% stock rally: What comes next?
1 week, 5 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 …

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 …

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% …

Indigo Paints Q2 Results Live: Profit Falls by 10.63% YOY
1 month, 2 weeks ago

Indigo Paints Q2 Results Live: Profit Falls by 10.63% YOY

Live Mint  

Indigo Paints Q2 Results Live : Indigo Paints declared their Q2 results on November 7, 2024, revealing a 7.35% increase in topline revenue compared to the same quarter last year. In comparison to the previous quarter, Indigo Paints reported a revenue decline of 3.68% and a profit drop of 13.56%. Analysts remain divided on the stock's potential, with one Sell …

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 …

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 is now world’s third-largest airline by m-cap, stock hits 4% upper circuit at 52-week high-mark
8 months, 2 weeks ago

IndiGo is now world’s third-largest airline by m-cap, stock hits 4% upper circuit at 52-week high-mark

Live Mint  

IndiGo has now become the world's third-largest airline in terms of market capitalistaion with shares of the operator InterGlobe Aviation Limited soaring nearly five per cent to achieve a lifetime record-high mark during intra-day on Wednesday, April 10. Apart from today's gain, IndiGo shares have rallied nearly 22 per cent in the last one month, which has now taken the …

IndiGo share price hits 52-week high. Will it rise more? Should you buy or not?
8 months, 4 weeks ago

IndiGo share price hits 52-week high. Will it rise more? Should you buy or not?

Hindustan Times  

IndiGo share price: The share price of IndiGo gained over 2% to hit a 52-week high today. This comes after global brokerage firm UBS raised the target price on the stock and maintained its positive stance citing strong growth prospects of Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence. IndiGo share price IndiGo shares …

IndiGo share price hits 52-week high as UBS remains bullish, raises target price on stock
8 months, 4 weeks ago

IndiGo share price hits 52-week high as UBS remains bullish, raises target price on stock

Live Mint  

IndiGo share price gained over 6% to hit a 52-week high on Tuesday after foreign brokerage firm UBS raised the target price on the stock. UBS maintained its positive stance on IndiGo considering the strong growth prospects of the Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence. It maintained a Buy rating on IndiGo …

IndiGo share price at record high, Kotak sees a 30% upside in stock: What next? Should you buy or not?
9 months ago

IndiGo share price at record high, Kotak sees a 30% upside in stock: What next? Should you buy or not?

Hindustan Times  

IndiGo share price: The share price of IndiGo rose almost 3 per cent as it hit its fresh record high of ₹3,339 on BSE today. The share price rose about 2.8 per cent to hit its fresh all-time high level and traded 1.25 per cent higher at ₹3,288.65. IndiGo share price: In the past one year, the stock has gained …

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 …

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 …

Upward pressure on fuel, supply issues may clip IndiGo’s wings
1 year, 3 months ago

Upward pressure on fuel, supply issues may clip IndiGo’s wings

Live Mint  

The stock of InterGlobe Aviation Ltd, which runs IndiGo airlines, has run up 20% so far in 2023 as the company gained market share amidst Go First’s troubles. “IndiGo being able to maintain domestic market share despite lower PLFs indicates better aircraft/pilot availability for it versus other airlines," said analysts at ICICI Securities in a report on 15 September. In …

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 …

IndiGo share price falls 5% after Q1 results; what should investors do?
1 year, 4 months ago

IndiGo share price falls 5% after Q1 results; what should investors do?

Live Mint  

InterGlobe Aviation share price fell over 5 per cent in morning trade on BSE on Thursday a day after the company reported record quarterly profit for the June quarter of the current financial year. Brokerage firm JM Financial has a 'hold' call on IndiGo stock with a target price of ₹2,270 as it said Rakesh Gangwal’s impending stake sale will …

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 …

Auto, IT ensure Sensex, Nifty end in green; Tata Motors, HCL Tech shine
1 year, 6 months ago

Auto, IT ensure Sensex, Nifty end in green; Tata Motors, HCL Tech shine

Live Mint  

Sensex and Nifty rallied in the final hour to reach near all-time high closing points after remaining in the red in the first half. BHARAT AGRI FERT & REALTY More Information Share Market Today: Nifty Bank continues to remain under pressure with most stocks trading in the red View Full Image Nifty Bank InCred Equities on IndiGo: At current prices, …

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% …

May aviation data: Domestic air traffic jumps 36% on year; check details
1 year, 6 months ago

May aviation data: Domestic air traffic jumps 36% on year; check details

Live Mint  

India's domestic air traffic in May rose 36 per cent compared to the same month last year, and domestic airlines carried 1.32 crore passengers in May, according to data released by the Directorate General of Civil Aviation on June 15. Domestic air traffic in May was also up 2.5 per cent compared to April when airlines carried 1.29 crore passengers. …

Interglobe Aviation share price: Should you buy, sell or hold this airline stock
1 year, 7 months ago

Interglobe Aviation share price: Should you buy, sell or hold this airline stock

Live Mint  

India's largest airline in terms of market share, Intergloble Aviation traded on a volatile note on Friday after its fourth quarterly figures for FY23. Read here: SBI share price rises 2% on strong Q4 earnings; key positives for this PSB stock ahead During this quarter, Indigo's capacity increased by 49.2% to 30.4 billion, while passenger numbers increased by 60.5% to …

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 …

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 …

Domestic air traffic rises 14% in Dec, IndiGo market share falls
1 year, 11 months ago

Domestic air traffic rises 14% in Dec, IndiGo market share falls

Live Mint  

The Directorate General of Civil Aviation on Thursday informed that domestic airline traffic witnessed a 47% rise in 2022 as compared to last year. The civil aviation regulator's analysis of data submitted by various domestic airlines showed that passenger growth from January to December 2022 was a whopping 123 million as against 83 million during the same period in 2021. …

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 Q4 loss widens to ₹1,681 crore on zooming fuel costs, Omicron wave
2 years, 6 months ago

IndiGo Q4 loss widens to ₹1,681 crore on zooming fuel costs, Omicron wave

The Hindu  

India’s largest airline IndiGo reported a widening of loss to ₹1,681 crore for the quarter ended March 31 from the ₹1,147-crore loss a year earlier, on soaring fuel costs, the impact of the Omicron wave and a weakening rupee. IndiGo also recorded a widening of loss to ₹6,161 crore for FY22, compared with a loss of ₹5,806 crore in the …

Tata becomes the new ‘Maharaja’ of Indian skies, edging out IndiGo
3 years, 2 months ago

Tata becomes the new ‘Maharaja’ of Indian skies, edging out IndiGo

Firstpost  

With the purchase of Air India, the Tata umbrella will have a capacity share of 40.17 percent in Delhi As the first wave of COVID-19 subsided, the clear winner in air traffic were Tier II and III cities, which saw air traffic quickly bounce back to the pre-pandemic levels, and, in some cases, even exceed that. With the Air India …

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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