IndiGo

The Board of Directors of Interglobe Aviation Limited, the company that operates IndiGo, has approved raising additional equity of up to Rs 4000 crore by way of a Qualified Institutional Placement (QIP) as the airline strengthens its war chest to tide over the downturn in aviation caused by the COVID-19 pandemic. Read: Indigo’s Q1FY21 results analysis: Highlighting the depth of …

India’s largest airline reported its first-quarter results yesterday. If Q4FY20 losses of 870 crores were of concern, Q1FY21 has only made this much worse. The loss at 2,844 crores was three times the loss of the previous quarter. This was in the most part not surprising given that much of the quarter had aircraft sitting on the ground due to …

India’s largest airline reported its results yesterday. What was surprising was the quantum of the loss at 870.8 crores. Indigo attributes this to the impact of COVID-19, coupled with the weakness of the rupee, which has resulted in a spike in costs. Indeed, it is very telling that for an airline that is so focused and disciplined, there has been …

Monday, January 27th was quite a newsday for Indian aviation. In what is becoming a tale of two airlines, while the national carrier came out with its Preliminary Information Memorandum looking for someone to take over 23,286 crores of debt and 8556 crores of losses (for FY19) the other airline Indigo reported profits of 496 crores with another 20,000 crores …

Low-cost carrier Indigo has become the first airline in India to operate 1500 daily departures. The airline operates these flights to 83 destinations and with over 250,000 passengers daily. Ronojoy Dutta, CEO, IndiGo “We are very pleased to be the first Indian airline to touch 1500 daily departures, with one flight taking off every minute. The simple philosophy of offering …

IndiGo, India’s largest and most successful airline and the blockaded Gulf carrier, Qatar Airways will make a strategic business announcement today in New Delhi. There has been a fair amount of speculation around the two airlines and an alleged ‘deal’ for a while. Al-Baker, CEO of Qatar Airways has on more than one occasion shown intertest in IndiGo. So much …

India’s aviation regulator, the Directorate General of Civil Aviation (DGCA) has directed both Indigo and GoAir to replace at least one of the Pratt & Whitney PW1100G geared turbo-fan (GTF) engines on the A320neo aircraft within the next fifteen days. This comes after Indigo reported a series of incidents involving in-flight engine shutdowns (occurred on the 24th, 25th and 26th …

Low-cost carrier IndiGo has placed a firm order for 300 A320neo family aircraft. The order comprises of the A320neo and A321neo both of which the carrier already operates and the new long-range A321XLR. The order is worth around $33 billion at current list prices and will bring Indigo’s total number of A320neo orders to 730. Interestingly, the announcement comes days …

Indigo reported its Q2FY20 results on Friday. With a loss of 1,062 crores, the results caught many by surprise. It is too early to tell whether the results reflect challenges with the strategic direction the airline is taking (compare this to the profit of INR 1203 crore in Q1FY20) or if this was a one-off driven largely driven by operational …

India’s largest carrier, Indigo will begin flights to Hanoi, Vietnam from Kolkata on 3 October 2019. Hanoi will be the carrier’s 19th international (5th Southeast Asian) destination. William Boulter, Chief Commercial Officer, IndiGo “It is truly a very special moment for all of us at IndiGo as it is the first route connecting Kolkata to Hanoi. This milestone reflects our …

Indigo reported its Q1FY20 results on Friday. With a profit of INR 1203 crore it is the highest net profit for any airline in Indian aviation. The airline looked good on all metrics ranging from financial to strategic and operational. Interestingly, while this quarter was indeed driven by the collapse of Jet Airways, Indigo’s contention is that this did not …

Indigo seems to have encountered severe turbulence as the fight between the co-founders has now become very public. There have been accusations, counters and name-calling. The issues highlighted range from related party transactions (RPTs) to those of governance. And for an airline that now flies one in every two passengers in the Indian skies, is on a solid financial footing, …

In a surprise move, Indigo announced an increase in cancellation and change fees. These will be effective as of June 27th. The airline added that for domestic bookings, customers can make any changes or cancellations free of charge within 24 hours of booking, if booked at least 7 days before the travel dates. This is largely to comply with the …

Indigo Airlines reported its fourth-quarter results this Monday. As their CEO expounded – this year consisted of two halves. The 4th quarter was critical for Indigo as it pushed the airline to an overall profit. That said, the results continue to highlight the core challenges in the Indian market. Key numbers for Indigo’s fourth-quarter results: Revenue from Operations: 7883 crores …

Low-cost carrier Indigo has announced that it will begin 20 new domestic flights from Mumbai and three international flights. The airline is adding international flights to Damman, Jeddah and Abu Dhabi, all of which were previously destinations served by Jet’s 737 fleet. The new domestic flights will be operated by the airline from Mumbai’s Terminal 2. Rival airlines have been …

InterGlobe Aviation (Indigo) has signed an agreement with Bangalore airport to build a Maintenance Repair & Overhaul (MRO) facility. The 20-year agreement will see InterGlobe build a 13,000 sqm hangar on five acres of land. The facility will be able to accommodate two narrow-body aircraft and support infrastructure, including an engine QEC shop warehouse and engineering offices. The MRO will …

Indigo Airlines reported its third-quarter results this Wednesday. While the results showed an improving trend compared to the last two quarters with a profit figure of 190 crores, overall the results highlight the core challenges in the Indian market. Key numbers fr Indigo’s third-quarter results: Revenue from Operations: 7916 crores Operating cost: 8038 crores EBITDAR: 1681 crores Net profit: 190 …

India’s largest domestic carrier IndiGo, found itself at the centre of a public relations firestorm when it announced a policy change and decided to universally charge for seat allocation during web-check-in. In a rather casual manner the airline clarified that those who did not wish to pay the charge could come to the airport and have a seat auto-assigned. Opposing …

Indigo, reported its second quarter results of the fiscal year 2018-2019 (Q2FY19) this Wednesday. The result was a net loss of 652.1 crores and highlighted the challenges facing Indian aviation. Incidentally, this is the first time since its listing in the public markets Indigo reported a loss of 652.1 crores and it is fair to say that all airlines will …

Low cost carrier IndiGo has announced that it will begin flights from Bangalore to Hong Kong from 11 December 2018. Hong Kong will be the 15th international destination for the carrier. Time table for Indigo’s Bangalore – Hong Kong flights Flight No. Origin Destination Departure Arrival Effective Date Frequency 6E 1771 Bengaluru Hong Kong 04:45 12:45 11-Dec-18 Tuesdays 6E 1772 …