IndiGo's Q1 FY23 revenue was the highest ever at ₹12,855.3 cr; CEO says cost pressures on fuel and forex prevented it from translating revenue into net profitability
When the National Company Law Tribunal approved the revival of the erstwhile Jet Airways, a new chapter in India’s aviation sector got scripted. But will the airline fly again?
While speaking at a virtual panel discussion, ace investor Rakesh Jhunjhunwala said he "loves it" when people say “you want to be a millionaire and that’s why are investing in an airline.” Read on.
With the decline in the second wave of the pandemic, passenger confidence in air travel is on the rebound. Starting October, though, is when traffic numbers could gain momentum, says IndiGo.
Given that all airlines in India have replaced the capacity vacated by Jet Airways, a low-fare environment has set into the crucial 0-15 day booking period which would add pressure on revenues
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
