IndiGo to introduce 6 new routes this summer; check details
The airline will operate between Ahmedabad-Rajkot, Ahmedabad-Aurangabad, Bhopal-Lucknow, and Indore-Varanasi from March 31.
The airline will operate between Ahmedabad-Rajkot, Ahmedabad-Aurangabad, Bhopal-Lucknow, and Indore-Varanasi from March 31.
IndiGo shares surge as much as 5.6% to hit a new all-time high of ₹3,301.40 today; the aviation stock has rallied 15% in the last six sessions.
“With these 5 consecutive quarters of profit we continue to recover from the losses of Covid and have now become net worth positive again,” says CEO Pieter Elbers.
The last few weeks represent a highly forgettable chapter in the airline industry market leader's two-decade-long life.
The DGCA revised the fine from ₹30 lakh imposed earlier after considering submissions made by the airline major
The aviation industry is estimated to report a similar net loss of ₹3,000-5,000 crore in FY25 as well, says ICRA
IndiGo aims to double its size by the end of this decade.
After a cloudy 2023, 2024 promises clearer skies for India’s aviation sector
IndiGo’s parent had received demand notices worth ₹739.68 crore and ₹927.03 crore for 2016–17 and 2017–18, respectively.
Uniform fleet and more routes, especially in the domestic market, aid turnaround.