Page 13 - Indigo

F&O Expiry: Financials drag indices, Sensex falls 335 pts; HDFC slips 4%

All that happened in the markets today

IndiGo tanks 4% on record Q1 net loss of Rs 2,844 crore, recovers later

The airline recouped morning losses and was trading 1.73 per cent higher ahead of its Board meeting, scheduled for later today, to consider raising Rs 2,000 crore

Market Ahead, July 30: All you need to know before the opening bell

The quarterly results announcement by Reliance Industries and HDFC will be the major market mover today. Analysts expect a dent in RIL's retail and energy verticals in the June quarter

IndiGo flies into the red on Covid curbs, posts loss of Rs 2,843 cr in Q1

Posts loss of Rs 2,843 cr in Q1FY21 against PBT of Rs 1,509 cr Q1FY20

IndiGo to raise $268 mn via sale, leaseback of planes and other assets

Airlines globally are looking for ways boost their finances after the coronavirus crisis kept travellers at home

IndiGo reports Q1 loss at Rs 2,844 crore, revenue dips 92% YoY to Rs 767 cr

The company said closure of scheduled operations till May 24, 2020 and lower capacity deployment thereafter on account of Covid-19 significantly impacted the quarterly results

IndiGo to report June quarter result today; here's what analysts expect

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

MARKET: Sensex slips 422 pts amid a sell-off in RIL; Nifty ends at 11,203

All that happened in the markets today

IndiGo implements another round of pay cuts for senior management, pilots

CEO Ronojoy Dutta will take a pay cut of 35%, while all executives at the level of senior vice president and above will take a pay cut of 30%

Aviation sector faces Covid-19 turbulence: What analysts expect from Q1 nos

With domestic air travel resuming only from May 25th, analysts expect Q1 performance to be adversely impacted due to truncated size of operations & travel restrictions by state governments

Covid-19 impact: Govt extends cap on airline capacity, fares till Nov 24

On June 26, the government had had allowed airlines to increase flights upto 45% of their total capacity, from the initial cap of one- third of their total capacity.

No employee will lose job, says Air India, but cuts allowances by up to 50%

On Wednesday, Air India announced reduction in the allowances of its employees, who have a monthly gross salary of more than Rs 25,000, by up to 50 per cent

IndiGo to cut 10% workforce to control impact of Covid-19 pandemic

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

Covid-19 crisis: IndiGo looks to raise Rs 3,000 cr, secure long-term future

Airline wants to secure long-term future during pandemic

Covid-19: IndiGo introduces option to book two seats for single passenger

The low-cost carrier said the "6E double seat" scheme will not be available through travel portals, IndiGo call centre or airport counters. The scheme can only be availed using IndiGo's website

Over 687,000 stranded Indians returned home under Vande Bharat mission: MEA

The fourth phase of the Vande Bharat mission, which is currently underway, has been augmented with the addition of around 120 flights between July 15-31

IndiGo loss likely at Rs 2,670 cr for Q1, SpiceJet's at Rs 1K cr: Report

Regular operations of the domestic airlines remained shut between March 25 and May 24 on account of a nationwide lockdown to curb the spread of the coronavirus pandemic

Domestic airlines need $3-3.5 bn funding amid subdued travel demand: CAPA

On the fund requirements for IndiGo, which it had earlier not quantified, CAPA said, "IndiGo is likely to raise $400-650 millions by monetising its aircraft and engine assets."

IndiGo to give 25% fare discount to healthcare workers till end of 2020

The nurses and doctors will be required to provide valid hospital IDs at the time of check-in as a proof of their identity, the airline said

Fabindia appoints former IndiGo prez Aditya Ghosh to board of directors

Fabindia, which operates a chain of stores selling a range of artisans products, on Wednesday said former Indigo airlines president Aditya Ghosh has been appointed as a member of its board of directors. Ghosh will be guiding the management teams with strategy and new initiatives, the company said in a statement. "Fabindia believes that the post-Covid period will bring about transformational change in consumer behaviour and brands with purpose, sustainability initiatives and earth-friendly commerce will become increasingly important...As we evolve towards a new normal, we are excited to have Aditya on board helping with strategy and growth," the company said. Ghosh is a seasoned professional with over 22 years of experience and has had multiple roles including leading IndiGo and also OYO Hotels & Homes. On his joining the board of Fabindia, Ghosh said, "I am looking forward to engaging with a sense of purpose where we continue to build on the tremendous trust that the Fabindia ...