Page 13 - Indigo Airlines

IndiGo fires staffer who shot passenger assault video, Twitter outraged over incident

The male passenger shouts and attempts to fight back but is overpowered by the IndiGo staff

Watch: IndiGo staff manhandle passenger at Delhi airport, govt seeks report

The male passenger shouts and attempts to fight back but is overpowered by the IndiGo staff

Pratt & Whitney boosts IndiGo net profit by record 294%

The airline's net profit for the second quarter of 2017-18 was Rs 551.55 crore, up from Rs 139.84 crore in the same period a year ago

IndiGo net up 4-fold to Rs 551.5 cr helped by compensation from P&W, Airbus

InterGlobe Aviation-run IndiGo today reported a massive spike in September quarter net at Rs 551.5 crore boosted by a one-time payment towards engine issues and delayed aircraft deliveries and higher margins. The largest airline that controls over 38 per cent of the domestic air passenger market had reported a 139.8 crore net income in the corresponding quarter last fiscal year. For the reporting quarter, net soared 294.4 per cent. The airline said the bottom line was boosted by a massive 710 bps spike in profit margins to 10.4 per cent from 3.4 per cent a year ago. "Profitability was favourably impacted by better revenue management and credit received from manufacturers related to aircraft grounding and delivery delays," the airline said in an exchange filing without disclosing the quantum of payments it has received from Airbus for delayed deliveries of A320 Neos and also from the American engine maker Pratt & Whitney. However, it said its other income rose over ...

IndiGo's regional connectivity plan to skip unserved routes

Cost reduction has prompted IndiGo's choice of the ATR72-6

Watch: Aditya Narayan misbehaves with IndiGo staff, apologises later

The verbal altercation was triggered after Narayan was asked to pay for carrying excess baggage on-board

IndiGo grounds one more Airbus A320 neo plane

Budget carrier IndiGo has grounded one more Airbus A320 neo plane after it was forced to return to Bhubaneswar following high engine vibrations experienced by the aircraft on the way to Bengaluru. Since their induction in March last year, the A320 neo planes in IndiGo fleet are going out of operations at a regular interval due to the frequent glitches in the Pratt & Whitney engines, which power these planes. The airline currently has 140 A320s, of which 23 are A320 Neos. Though the US engine maker has started supplying new engines to the country's largest airline by market share which has helped it put some of the grounded planes back into flying, many of such planes remain out of operations, including the one which was grounded in Bhubaneshwar on September 20. Last week, a senior official at the Directorate General of Civil Aviation (DGCA) had said that as many as six A320 neo planes of IndiGo were on ground and awaiting engine replacement. "On September 20, IndiGo

IndiGo plans to offer business class seats on long-haul flights

Plans to offer 30% lower fares aided by its low-cost structure

IndiGo clears issuance of 33.6 mn equity shares to institutional buyers

As of June 30, Gangwal and Chinkerpoo Family Trust owned 16.83 percent and 15.59 percent stakes in the co

IndiGo may participate in second round bids for UDAN; to buy 50 aircraft

Low-cost carrier Indigo is likely to participate in the second round of bidding in the Regional connectivity scheme, popularly known as the UDAN (Ude Desh ka Aam Naagrik).To reap the benefit of the RCS, IndiGo had announced its plans to buy 50 ATR 72-600 aircraft worth $1.3 billion. France based ATR is the world leader for below 90-seater regional aircraft."The government has come up with the policy (RCS)- the first round of bidding has already taken place and second round of bidding is going to happen now. There are a lot of airstrips which are not connected with the country like Agra. Now, we have placed an order of 50 ATRs for induction into the fleet that will help us capture this opportunity in a big way", said Sanjay Kumar, Chief Commercial Officer of Indigo Airlines.Kumar was speaking here at the 33rd annual convention of Indian Association of Tour Operators (IATO).He said that the new policy is a big incentive for airline operators not only of Indigo's size but also for the ...

IndiGo alleges rivals carrying misleading campaign on flight cancellations

The DGCA data had shown that the airline had an "On Time Performance" rate of 84.5%

IndiGo grounds 13 neo planes, cancels 84 flights over engine issues

The Airline is facing issues with its Pratt and Whitney made engines on its Airbus A320 neo planes

IndiGo offers special fares starting at Rs 1,111 for 11th anniversary sale

The offer is available on first-come-first serve basis and non-refundable, the airline added

Why IndiGo is betting on low fare for long-haul

IndiGo is eager to take its pared-down model to UK, Europe, though carriers have stayed away

Now, fly to Doha, Mumbai from Calicut airport in IndiGo, Jet Airways

Calicut is connected with Bengaluru, Chennai, Kochi, Mumbai, Thiruvananthapuram, Delhi via Mumbai

Equity MFs press exit button on IndiGo despite spike in passenger growth

Several top fund managers have exited the counter of InterGlobe Aviation, which operates the country's largest airline by market share, IndiGo. Put together, fund mangers sold shares worth Rs 120 crore of IndiGo in June. This came even as the airline recorded the fastest domestic passenger growth rate, of 26 per cent.HDFC Mutual Fund, UTI MF and DSP BlackRock MF completely liquidated their holdings in IndiGo in June, amid its shares trading near record levels. On Friday, shares of IndiGo closed at Rs 1,241.7, around four cent below its one-year high of Rs 1,292, touched earlier this month."We have been investors in the company since its listing. Most of our schemes have benefited from a good rally in the counter. So, it was a profit-booking exercise, on the back of a not-favourable outlook for the aviation sector this year. However, what triggered selling was a sudden interest shown by the company in Air India," said a fund manager.Adding: "IndiGo continues to be the best bet for ...

24 global destinations: Can IndiGo digest Air India's international operations?

IndiGo doesn't want Air India's debt but yearns for its international operations

IndiGo will strike gold if Air India's global business is sold separately

Selling Air India's businesses separately makes sense for IndiGo, but it may cap earnings for govt

IndiGo's global ambition hinges on execution

Integration of multiple aircraft, employee and maintenance costs would be key challenges

IndiGo's interest in Air India confuses rivals and investors, stock down

Aditya Ghosh took a daring step while expressing interest in acquiring the debt-laden AI