What are the odds against Rakesh Jhunjhunwala’s Akasa?
Setting up an airline in a downturn may make sense but getting an airline up and running in India is likely to be easier said than done. Here’s why.
interglobe aviation
October 2021
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Jet 2.0: Turbulence ahead
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?
Pandemic hits IndiGo; Q1 loss mounts
IndiGo reported a staggering loss of ₹3,174 crore for the first quarter, impacted severely by the pandemic. However, from July onwards it has started to see a measured recovery in passenger demand.
Business travel has changed forever: IndiGo CEO
United Airlines, Air Canada, US Airways, and Air Sahara were Ronojoy Dutta’s stamping grounds, before IndiGo. Since then, it hasn’t been clear blue skies for the man. He now sees tailwinds emerging.
The IndiGo strategy
Even as the Tata group doubles down on its aviation bets, IndiGo is also preparing ground for its next stage of growth. It’s on a mission to build the best airline system for India, says its CEO.
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.
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.
