IndiGo reports ₹1,062 crore loss in Q2
Higher aircraft maintenance costs, employee expenses, and mark-to-market losses on capitalised operating leases drag the airline further into the red in a seasonally weak travel period.
interglobe aviation
October 2019
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August 2018
After record Q1 profit, IndiGo braces for a weak Q2
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
IndiGo’s dirty linen out in the open
IndiGo co-founder Rakesh Gangwal accuses Rahul Bhatia and his affiliate firm IGE Group of violating corporate governance norms; questions the integrity of the airline’s board, too.
‘Domestic air traffic growth to bounce back to 10-12%’
Even as domestic traffic growth is on the rebound, India’s largest airline IndiGo reported profit growth of 401.2% in Q4 of FY19.
There may be differences on certain matters: IndiGo CEO
IndiGo CEO Ronojoy Dutta issued a statement to dispel speculations over a possible rift between the airline’s two co-founders. But, he did allude to the fact that there were differences.
AION Capital acquires InterGlobe Technologies
AION expects to support IGT in its next phase of growth as the company focuses on accelerating service expansion in current and new verticals in the travel industry.
Tata Group’s moment of reckoning in the skies
Five years after it made its formal return to aviation, Tata Group finds itself facing a conundrum. Does it choose a complex merger with Jet Airways or be patient and grow organically?
OYO appoints Aditya Ghosh as CEO, India and South Asia
The former airline executive will help shape OYO’s future in South Asia - a critical growth market for the company.
IndiGo posts first quarterly loss since listing
India’s largest airline reports net loss of Rs 652 crore for the quarter ended September due to higher fuel prices.
Sector Scan: The skies are turning red again
In 2014, the last time fuel prices were this high, a large airline was brought to the brink of a shutdown. Airlines are bleeding cash once again and the focus is sharply back on cutting costs.
