IndiGo shares hit all-time high on order for 30 Airbus widebody aircraft
The airline has purchase rights for an additional 70 Airbus A350 Family aircraft “for possible future needs under certain conditions”.
The airline has purchase rights for an additional 70 Airbus A350 Family aircraft “for possible future needs under certain conditions”.
IndiGo, which cornered over 60% of the domestic market share, is expecting early double-digit growth in its capacity in the next fiscal.
The low-cost carrier expects the addition of more than one aircraft per week and an additional 10 destinations.
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.
IndiGo aims to double its size by the end of this decade.
Uniform fleet and more routes, especially in the domestic market, aid turnaround.
"We are always in the process of evaluating options available," says IndiGo.
The CIT-Appeal issued orders to demand ₹739.68 crore and ₹927.03 crore tax demand for the assessment years 2016–17 and 2017–18, respectively