IndiGo on Wednesday said it operated more than 800 international charter flights during the last three months to repatriate 1.5 lakh passengers.
The development comes a day after the company posted its highest ever quarterly net loss at Rs 2,844.3 crore for the first quarter of 2020-21
Here are the top headlines of the day
Analysts at Centrum Broking estimate the airline to clock a net loss of Rs 2,672.6 crore driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs
The airline with more than 50 percent market share is one of the largest job creators in the Indian aviation industry due to its size
From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, said CEO Dutta
IndiGo has operated 436 international passenger charter flights and 51 international repatriation flights under the Vande Bharat Mission from 3 till July 14
"We are flying only 30 per cent of our January capacity. We would like to go higher but there are various restrictions from the states. All that is really hurting demand," Dutta said
No-frills carrier SpiceJet has also cut domestic and international layover allowances for its pilots
InterGlobe Aviation, the parent firm of IndiGo, on Tuesday reported a net loss of Rs 871 crore in the March quarter and would not be doling out any dividend
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances
The PW engine-powered A320 neo planes in IndiGo and GoAir fleets have been facing glitches both mid-air and on-ground since their induction way back in 2016
If the passenger cancels the booking without paying the remaining 90 per cent, he or she will not be refunded this 10 per cent amount
IndiGo said SpiceJet's step ladder got detached from its parked position and hit its parked aircraft - the incident, which took place Saturday morning, is being probed by the authorities
More than a dozen passengers have been reported Covid-19 positive since the resumption of domestic air flights. A total of 45,762 passengers took flights on June 2 till 5 pm
The challenge for IndiGo as highlighted by the management is to manage cash and liquidity rather than look at profitability and growth
All that happened in the markets today
The air carriers also resorted to cancellation of several flights on the second day of resumption of services due to truncated schedules following requests from several states owing to the coronavirus
Here is what is going to change for passengers as they fly from Monday
Virgin Australia entered bankruptcy administration two weeks back; May 15 is last date to lodge first offers