Aviation Indigo

IndiGo Q4 results: Loss widens to Rs 1,682 cr on higher fuel costs

The company's consolidated revenue from operations rose 29% to Rs 8,021 crore in Q4FY22

IndiGo's cargo plans are independent of Interglobe-UPS JV, says airline

Interglobe Enterprise which holds 37.82% in IndiGo, is entering the business of logistics and cargo by forming a 50:50 joint venture with logistics giant UPS

IndiGo slips into losses due to exchange rate and higher fuel price

The airline will deploy 60% more capacity in FY23 than in FY22 when it had to curtail operations in April due to surge of Delta variant and in Dec-Jan due to Omicron

Another churn in IndiGo's management cockpit amid turbulent times

More than three months ago, the country's largest airline IndiGo's successful co-founders Rahul Bhatia and Rakesh Gangwal made headlines. On February 4, the announcement came that Bhatia will take charge as the airline's Managing Director and on February 18, amid the not-so-cosy relations between the two co-founders, it was announced that Gangwal has stepped down from its board. Bhatia took over as the Managing Director on February 4 and since then, there have been quite a few churns in the top deck. IndiGo -- a low-cost carrier which accounts for more than half of the country's domestic traffic -- has announced the appointment of new Chairman, Chief Financial Officer (CFO) and Chief Executive Officer (CEO) since March. In March, IndiGo's market share stood at 54.8 per cent, as per official data. IndiGo, which has nearly 300 planes in its fleet, is also bracing for more competition with Akasa expected to be operational in the coming months while Jet Airways likely to restart ...

Stocks to Watch: Adani Group, JSW Steel, JSPL, IndiGo, SpiceJet, Textiles

Steel stocks are likely to be in limelight following reports of price hike in April.

Stocks to Watch: ONGC, Hero MotoCorp, PNB, LTTS, IndiGo, Adani Group

Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.

Stocks to Watch: IndiGo, RIL, Hinduja Global, Federal Bank, Brightcom

Auto shares are likely to be in focus as car makers are looking to ramp up production by an average 18-20 per cent in the March quarter, as the shortage of semiconductor eases.

IndiGo to upgrade navigation technology with NAVBLUE in its A320 aircraft

NAVBLUE is into flight operations and air traffic management solutions

Stocks to Watch: Tata Steel, Paytm, Go Fashion, BoB, Lupin, IndiGo, PSBs

Castrol, Indian Bank, Nalco, PolicyBazaar, Tarsons Products, Tube Investments of India, TVS Motor and Union Bank of India are some of the prominent companies to announce result today.

IndiGo appoints Neetan Chopra as chief digital & information officer

He previously held the position of senior vice-president of IT and innovation at Emirates, according to a statement

No direction to firm in arbitration award on promoters' feud: IndiGo

The proceedings were initiated by InterGlobe Enterprises Ltd (IGE) and Bhatia against Gangwal, the Chinkerpoo Family Trust and Shobha Gangwal

IndiGo Airlines operator InterGloble settles row with Sebi, pays Rs 2.1 cr

The matter pertains to alleged violation of disclosure norms pertaining to related party transactions between the company and IGE Group, controlled by co-founder Rahul Bhatia

Top headlines: PM pledges more India-made vaccines, Maruti Q3 profit up 26%

Business Standard brings you top news of the evening

IndiGo to refund customers for flight cancellations due to Covid by Jan 31

IndiGo said it will refund all customer credit shells, which were created when flights were cancelled due to the coronavirus lockdown earlier this year, by January 31, 2021

SpiceJet, IndiGo: Aviation stocks look set for a further rally, charts show

A massive surge of over 35 per cent in the past three sessions indicates a positive momentum going-forward for SpiceJet

Long weekend brings cheer to hotels, travel firms as demand picks up

Travel and airline executives say leisure demand is now slowly returning with an increase in bookings to popular getaways this weekend

Top Headlines: IndiGo to cut workforce, AGR case, DMart vs JioMart and more

Here are the top 10 business headlines on Tuesday morning

IndiGo repatriated 666 Indians from West Asia on four chartered flights

Scheduled international passenger flights continue to remain suspended in the country since March 23 due to the Covid-19 outbreak.

Domestic aviation sector will need extra Rs 35,000 cr between FY21-23: ICRA

In the forecast, Icra has included an aggregate of all the five private sector players -- IndiGo, SpiceJet, GoAir, Vistara and AirAsia India -- to make the balance sheet

Business travel may resume within 6 months of lockdown lifting: Survey

A third of the respondents say they will not move employees to lower-tier hotels to save expenses, the rest say they might