IndiGo posted its highest ever quarterly loss of Rs 3,174.17 crore during the April-June period
Business Standard brings to you the top headlines on Tuesday
A prolonged impact of the coronavirus has turned IndiGo's net worth to negative- the first time in company's history
Business Standard brings you this evening's top stories
In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.
High oil prices and weaker rupee is likely to hit financial performance in Q1FY22
Seven persons, including four staffers of Indigo and Spicejet airlines, were arrested by the customs officials at Indira Gandhi International (IGI) airport
Industry-wide passenger load factor rose to 62.9% in June from May's 50.5%. SpiceJet had the highest load factor of 70%.
SpiceJet is the third Indian airline after Go First (earlier GoAir) and IndiGo, which has also announced that it will raise capital
Airline major IndiGo has reduced emissions by about 5 per cent via its ground support equipment automation.
Shareholders of InterGlobe Aviation, parent of the country's largest airline IndiGo, have approved a proposal to raise up to Rs 3,000 crore
The offer is only available to vaccinated passengers aged 18 years and above, who are located in India at the time of booking and have already received a Covid-19 vaccine in the country
Go First was previously known as GoAir
The aircraft is currently under maintenance checks at Hubli, the airline said.
Compared with other major countries during Covid-19, domestic airlines have precariously stayed the course
Analysts remain sceptical on the profitability from freighter business
Business Standard brings you top news on Friday
We have set for ourselves a minimum threshold of cash, come hell or high water, said Dutta
The carrier is currently operating around 40 per cent and 30 per cent of its pre-Covid domestic and international flights, respectively
In July last year, India'a largest carrier had laid off 10 per cent of its workforce due to the coronavirus-induced economic crisis.