IndiGo reports record quarterly net loss of ₹2,844.3 crore in Q1 on account of covid-19
4 years, 7 months ago

IndiGo reports record quarterly net loss of ₹2,844.3 crore in Q1 on account of covid-19

Live Mint  

New Delhi: InterGlobe Aviation Limited, which operates the country's largest airline, reported its largest quarterly loss during the three months that ended on 30 June, due to muted demand, amidst lockdown and travel restrictions, caused by the covid-19 pandemic. The airline's expenses however dropped by 51.8% to ₹3,986.40 crore during the April-June 2020 period as it didn't operate any scheduled commercial flights for nearly two months. IndiGo plans to boost its liquidity by ₹5,000- ₹6,000 crore in the coming months, the airline's chief financial officer Aditya Pande told analysts during a post-result call. Of this, the airline plans to raise at least ₹2,000 crore from the sale and lease back of aircraft it currently owns, 12 ATRs and three A320ceo aircraft, respectively, Pande said adding that the remaining ₹3,000- ₹4,000 crore will be come from benefits accrued from supplementary rentals, renegotiated contracts with vendors, and other cost cutting measures. However, the fall in domestic traffic since the fourth week of July remains a concern amidst rising covid-19 cases, travel restrictions imposed by states and a traditionally weak travel season, chief executive Dutta said adding that the airline's operations aren't being able to off-set its fixed costs.

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History of this topic

Why is IndiGo share price skyrocketing despite bloodbath in Indian stock market?
3 weeks, 4 days ago

Why is IndiGo share price skyrocketing despite bloodbath in Indian stock market?

Live Mint  

IndiGo share price: Indian low-cost carrier Interglobe Aviation shares have skyrocketed 10% in the last six sessions despite a bloodbath in the Indian stock market. Dr Ravi Singh, SVP of Retail Research at Religare Broking, noted that the stock had gained almost 10% in the last six market sessions and also mentioned that the company's January to March quarter passenger …

IndiGo, Air India ramp up loyalty programmes. But they have a lot to catch up
1 month ago

IndiGo, Air India ramp up loyalty programmes. But they have a lot to catch up

Live Mint  

India’s two largest airlines IndiGo and Air India, which dominate the near-duopoly in domestic skies, are ramping up their frequent flyer programmes to gradually build another potential revenue-generation source in a cut-throat market. Tata Group-owned Air India Group’s loyalty membership, Maharaja Club, has surged threefold to about 10 million since it completed merger with Vistara in November last year. In …

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore
1 month, 1 week ago

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore

The Hindu  

Vodafone Idea Ltd for the third quarter ended December 31, 2024 narrowed its net loss to ₹6,609 crore from net loss of ₹6,986 crore in the year ago period. With the recent equity infusion of ₹1,910 crore from one of our promoters, we have now secured approximately ₹26,000 crore in fresh equity capital over the past 10 months. On January …

IndiGo bets on overseas flights for growth
1 month, 3 weeks ago

IndiGo bets on overseas flights for growth

Live Mint  

IndiGo, India's largest airline by market share and fleet size, sees the next phase of growth coming in from international operations, according to its top executive. "By definition it would be a temporary solution, it's not going to be a hundred percent the exact same Indigo product, but I think we will be able to make it as close as …

IndiGo’s profit hit on account of rupee depreciation
1 month, 3 weeks ago

IndiGo’s profit hit on account of rupee depreciation

Live Mint  

A record number of passengers flying in the October-December period helped InterGlobe Aviation, the parent company of IndiGo, report better-than-expected revenue, but a sharp fall in the rupee against the dollar hurt the profitability of the country's largest airline. As IndiGo's lease liabilities are dollar-denominated, a 2% depreciation of the rupee against the dollar in the latest quarter led to …

IndiGo Q3 result: Profit drops 18% YoY despite strong air travel demand; key highlights
1 month, 3 weeks ago

IndiGo Q3 result: Profit drops 18% YoY despite strong air travel demand; key highlights

Live Mint  

IndiGo Q3 result: InterGlobe Aviation on Friday, January 24, reported a 18.32 per cent year-on-year drop in its December quarter net profit to ₹2,448.8 crore. Consolidated revenue from operations rose 13.7 per cent YoY to ₹22,110.7 crore from ₹19,452.1 crore in the same quarter last year. Cost comparisons IndiGo said its total income for the quarter ended December 2024 was …

Domestic Airlines Flew 16 Million Passengers In 2024, SpiceJet Had Maximum Rate Of Cancellations
1 month, 3 weeks ago

Domestic Airlines Flew 16 Million Passengers In 2024, SpiceJet Had Maximum Rate Of Cancellations

ABP News  

India's domestic air traffic increased 6 per cent year-on-year with 16.13 crore passengers travelling in 2024 compared to 15.2 million during the same period in 2023, according to the latest official data. The Directorate General of Civil Aviation reported on Wednesday that airlines carried over 1.49 crore passengers in December 2024, marking an 8.19 per cent rise compared to December …

IndiGo Q3 results tomorrow: What to expect and look forward to in Interglobe Aviation earnings report
1 month, 3 weeks ago

IndiGo Q3 results tomorrow: What to expect and look forward to in Interglobe Aviation earnings report

Live Mint  

InterGlobe Aviation Ltd, the operator of IndiGo, the country's largest carrier, will declare its Q3-FY25 results on Friday, January 24. The airline closed the quarter with 273.25 lakh domestic passengers and a market share of 63.8 per cent, both being highest ever in its history. For context, Q3-FY24 had seen 243.1 lakh passengers and a market share of 62.1 per …

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines
3 months, 2 weeks 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
3 months, 2 weeks 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 Dominates Domestic Air Passenger Traffic In October With 63.3 Per Cent Market Share, DGCA Data Reveals
3 months, 3 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 …

IndiGo's Engine Troubles: A Grounding Odyssey
4 months, 3 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 …

Nearly Dozen Airlines Refund Rs 564 Lakh to 4.76 Lakh Passengers in July 2024
6 months, 1 week ago

Nearly Dozen Airlines Refund Rs 564 Lakh to 4.76 Lakh Passengers in July 2024

News 18  

As many as 11 airlines operating domestic flights in the country have refunded about Rs 564 lakh on about 4.76 lakh passengers in the month of July. In July, about 2,89,193 passengers who booked tickets on Indigo were either denied boarding, faced flight cancellation or delays. Around 68,743 passengers who had booked Air India flights had to face inconvenience because …

Domestic Air Traffic Rises 2 Per Cent In April YoY, IndiGo Maintains Hold On 60 Per Cent Of Market Share
10 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. …

Only 0.7% of flights cancelled this year, says aviation minister Scindia in LS
1 year, 1 month ago

Only 0.7% of flights cancelled this year, says aviation minister Scindia in LS

Hindustan Times  

New Delhi: Union minister of civil aviation Jyotiraditya Scindia said in the Lok Sabha on Thursday that only 0.7% of commercial flights in the country were cancelled while responding to a question raised by Dravida Munnetra Kazhagam MP Andimuthu Raja during the Lok Sabha question hour regarding the cancellation of flights. Raja questioned the Union minister about the Indigo flight …

IndiGo’s Q3 profit surges 53% as India air travel demand grows
1 year, 1 month 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, 4 months 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 …

Aviation industry to bring down net loss to Rs 3-5k cr from Rs 17k cr
1 year, 5 months ago

Aviation industry to bring down net loss to Rs 3-5k cr from Rs 17k cr

Deccan Chronicle  

Chennai: The Indian aviation industry’s net loss is expected to come down to Rs 3000 to Rs 5000 crore in FY24, down from Rs 17,000 crore in FY23. Airline companies are expected to report an aggregate net loss of Rs 3000 crore to Rs 5000 crore in the current fiscal due to improved pricing power and yields. The domestic passenger …

IndiGo gets regulatory nod to wet-lease 11 A320 aircraft: Report
1 year, 6 months ago

IndiGo gets regulatory nod to wet-lease 11 A320 aircraft: Report

Live Mint  

Interglobe Aviation - the operator of low-cost IndiGo airlines, has received approval from the Directorate General of Civil Aviation to wet-lease 11 A320 aircraft, according to CNBC-TV18. RTX had in July said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September. Last month, IndiGo said …

IndiGo shares drop over 4% after stake sale by Gangwal family
1 year, 7 months ago

IndiGo shares drop over 4% after stake sale by Gangwal family

Live Mint  

IndiGo share price fell more than 4% in early trade on Thursday after a block deal in the equity shares of the company took place on exchanges. According to deal terms seen by Mint, IndiGo co-founder Rakesh Gangwal and his family were to sell around 4% stake in InterGlobe Aviation Ltd for up to $450 million. The block deal is …

IndiGo share price falls 5% after Q1 results; what should investors do?
1 year, 7 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, 7 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 …

IndiGo Airlines fined Rs 30 lakh for systemic deficiencies regarding documentation
1 year, 7 months ago

IndiGo Airlines fined Rs 30 lakh for systemic deficiencies regarding documentation

India TV News  

IndiGo Airlines news : Aviation watchdog Directorate General of Civil Aviation has imposed a financial penalty of Rs 30 lakh on IndiGo Airlines today for certain systemic deficiencies with respect to documentation pertaining to operations, training, and engineering procedures. IndiGo witnessed four tail strike incidents on A321 aircraft within a span of six months in 2023, following which DGCA carried …

IndiGo hits record market share in domestic aviation
1 year, 9 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% …

IndiGo clocks Q4 net profit of ₹919 crore
1 year, 10 months ago

IndiGo clocks Q4 net profit of ₹919 crore

The Hindu  

India’s biggest carrier by market share IndiGo on Friday reported a net profit of ₹919 crore for the fourth quarter ended March. For the fiscal year 2023, the airline reported a profit of ₹2,654 crore, excluding foreign exchange impact. He said the year was marked by two distinct double quarters as the first six months witnessed high costs due to …

IndiGo Q3 net profit up 1,000% to ₹1,442 cr
2 years, 1 month 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
2 years, 2 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, 4 months 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 …

The headwinds on Indigo’s profit path
2 years, 7 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, 7 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, 9 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 …

Data | Despite increase in flyers, Indian airlines struggle to turn a profit
2 years, 11 months ago

Data | Despite increase in flyers, Indian airlines struggle to turn a profit

The Hindu  

The aviation industry is caught between a rock and a hard place. Thus, despite an increase in passenger traffic, airline firms continue to suffer Profit-loss statement The graph shows IndiGo and SpiceJet’s profit/loss made after tax in ₹ ‘000 million. Now, despite the surge in passenger traffic, airlines are yet to come out of the woods as jet fuel prices …

Air India owes ₹2,350 crore to AAI, SpiceJet ₹185 crore
3 years, 3 months ago

Air India owes ₹2,350 crore to AAI, SpiceJet ₹185 crore

The Hindu  

Air India and SpiceJet have outstanding dues of ₹2,350 crore and ₹185 crore respectively to the Airports Authority of India as on September this year, Minister of State for Civil Aviation V.K. Charging penal interest, encashment of security deposits along with resorting to legal action were other measures available with the AAI to carry out recovery of dues, he noted. …

Air India’s accumulated losses rise to ₹77,953 crore during FY2021
3 years, 5 months ago

Air India’s accumulated losses rise to ₹77,953 crore during FY2021

Live Mint  

Air India’s accumulated losses rose to ₹77,953 crore in the year ended 31 March 2021 from ₹70,820 crore in FY20, the airline said in a statement to BSE. The airline’s standalone net loss in FY21 reduced to ₹7,017.42 crore from a ₹7,765.73 crore loss in FY20, as expenses fell to ₹19,083.33 crore from ₹36,290.17 crore during the period, as the …

Indian aviation industry may incur losses worth ₹26,000 crore in FY22: Report
3 years, 6 months ago

Indian aviation industry may incur losses worth ₹26,000 crore in FY22: Report

The Hindu  

Pandemic-hit Indian aviation industry is expected to report a net loss of ₹25,000-26,000 crore while its debt level may increase to ₹1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA said on Tuesday. The aviation industry is expected to witness a strong year-on-year growth of 45-50% in domestic air passenger traffic and80-85% in international air passenger traffic …

IndiGo to Waive Off Any Change Fees on Flight Tickets Booked Between April 17 to April 30
3 years, 11 months ago

IndiGo to Waive Off Any Change Fees on Flight Tickets Booked Between April 17 to April 30

News 18  

Budget carrier, and India’s largest airliner IndiGo has announced to waive-off change fees on new bookings made from April 17, 2021 till April 30, 2021. IndiGo, recently announced that it has processed 99.95 per cent of the total amount owed to passengers whose flights got cancelled during the two-month lockdown beginning March 25 last year. In a statement, IndiGo said: …

Refunds of 99.95 Percent Tickets of Flights Cancelled During Lockdown Processed: IndiGo
3 years, 11 months ago

Refunds of 99.95 Percent Tickets of Flights Cancelled During Lockdown Processed: IndiGo

News 18  

Budget carrier IndiGo said on Wednesday it has processed 99.95 per cent of the total amount owed to passengers whose flights got cancelled during the two-month lockdown beginning March 25 last year. In a statement, IndiGo said: “Since the resumption of operations in May 2020, IndiGo has been rapidly refunding amounts owed to customers whose flights had been cancelled during …

IndiGo to refund all passengers for flight cancellations due to COVID-19 by 31 Jan
4 years, 3 months ago

IndiGo to refund all passengers for flight cancellations due to COVID-19 by 31 Jan

Firstpost  

The airline said it has already processed nearly Rs 1,000 crore of refunds, which is approximately 90 percent of the total amount it owed customers New Delhi: IndiGo on Monday said it will refund all customer credit shells, which were created when flights were cancelled due to the coronavirus lockdown earlier this year, by 31 January, 2021. The airline in …

IndiGo to refund all passengers by Jan 31 for flight cancellations due to lockdown
4 years, 3 months ago

IndiGo to refund all passengers by Jan 31 for flight cancellations due to lockdown

India TV News  

IndiGo on Monday said it will refund all customer credit shells, which were created when flights were cancelled due to the coronavirus lockdown earlier this year, by January 31, 2021. IndiGo chief executive officer Ronojoy Dutta said the sudden outbreak of COVID-19 and the resulting lockdown brought the airline's operations to a complete halt by the end of March. "As …

Air India's Net Loss Stands at Around Rs 2,570 Crore in First Quarter of 2020-21: Puri
4 years, 6 months ago

Air India's Net Loss Stands at Around Rs 2,570 Crore in First Quarter of 2020-21: Puri

News 18  

Air India has incurred a net loss of about Rs 2,570 crore in the first quarter of 2020-21 as compared to a net loss of Rs 785 crore sustained in the corresponding period a year ago, Civil Aviation Minister Hardeep Singh Puri said on Thursday. "The net loss in quarter 1 of FY20-21 is about Rs 2,570 crore as compared …

Revenues of Indian airlines fell by over 85% in April-June period: Hardeep Singh Puri
4 years, 6 months ago

Revenues of Indian airlines fell by over 85% in April-June period: Hardeep Singh Puri

India Today  

The revenue of Indian airlines fell by over 85 per cent to Rs 3,651 crore during the first quarter of FY21 due to the severe disruption caused by the Covid-19 pandemic. Civil Aviation Minister Hardeep Singh Puri on Wednesday stated in a written reply in Rajya Sabha that Indian airlines suffered a 85.7 per cent revenue loss in comparison to …

IndiGo may ditch fundraising plan if travel picks up
4 years, 6 months ago

IndiGo may ditch fundraising plan if travel picks up

Live Mint  

IndiGo, India’s largest domestic airline, may shelve a planned share sale to raise ₹4,000 crore as it is hopeful that an increase in ticket sales in the coming months will negate the need to bolster its cash reserves. However, addressing shareholders at the airline’s 17th annual general meeting on Friday, IndiGo’s chief executive Ronojoy Dutta said there is currently a …

IndiGo to raise up to Rs 4,000 crore through QIP
4 years, 7 months ago

IndiGo to raise up to Rs 4,000 crore through QIP

India TV News  

IndiGo's parent company InterGlobe Aviation on Monday said it will raise up to Rs 4,000 crore through a qualified institutional placement. IndiGo on July 27 said it is implementing "deeper" pay cuts of up to 35 per cent for its senior employees in order to reduce its cash outflow amid the coronavirus pandemic. From May onwards, IndiGo had implemented pay …

IndiGo to raise at least ₹20 billion via leaseback
4 years, 7 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, 7 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 …

IndiGo to lay off 10% of its workforce, CEO Ronojoy Dutta announces
4 years, 8 months ago

IndiGo to lay off 10% of its workforce, CEO Ronojoy Dutta announces

India TV News  

IndiGo will lay off 10% of its workforce, CEO Ronojoy Dutta announced today. "From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations," Dutta said in a statement. India resumed domestic passenger flights from May 25 after a gap of two months …

Coronavirus Outbreak: IndiGo confirms no deduction of salaries or leaves of employees during domestic flight suspension
4 years, 11 months ago

Coronavirus Outbreak: IndiGo confirms no deduction of salaries or leaves of employees during domestic flight suspension

Firstpost  

Budget carrier IndiGo has assured its employees that it will not make any deduction in their salaries or leaves due to the suspension of domestic flights till 31 March Budget carrier IndiGo has assured its employees that it will not make any deduction in their salaries or leaves due to the suspension of domestic flights till 31 March. In an …

Air India may cut salaries by 5 per cent after Indigo, amid coronavirus concerns
5 years ago

Air India may cut salaries by 5 per cent after Indigo, amid coronavirus concerns

India TV News  

Air India may cut salaries by 5 per cent after Indigo, amid coronavirus concerns Government-owned Air India may cut the salary of employees by 5 per cent amid its growing financial woes particularly in the wake of the coronavirus pandemic, which has nearly grounded its entire international operations, sources said. Government-owned Air India may cut the salary of employees by …

Flight bookings up 23% in 3 days amid offers by Air India, IndiGo
5 years, 1 month ago

Flight bookings up 23% in 3 days amid offers by Air India, IndiGo

The Hindu  

The travel trade has said it had observed a 23% spike in air ticket bookings from February 15 over three days amidst offers by Air India and IndiGo and drop in airfares to countries like Thailand in wake of the spread of COVID-19. William Boulter, chief commercial officer, IndiGo, said, “The sale will help customers plan their international travel in …

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