Page 3 - Interglobe Aviation

A soaring flight plan: Bird Group eyes Air India's ground handling arm

The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs

Burger King, PVR: Avoid these stocks as India sees second wave of Covid-19

Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves

Oil prices, muted traffic: Why airlines may not benefit from airfare hike

On Thursday, the Ministry of Civil Aviation hiked the airfare price band on flights with 90 to 120 minutes of duration to Rs 3,900, up from Rs 3,500 earlier

Govt revises price band of air fares; time to buy IndiGo, SpiceJet?

The price hike has attracted the attention of market participants, now the stock needs to cross significant resistance to move ahead.

Aviation stocks take flight as govt ups fare price band; SpiceJet gains 7%

On Thursday, Ministry of Civil Aviation revised air fare price band on flights with 90 to 120 minutes of duration to Rs 3,900, up from Rs 3,500 earlier

IndiGo parent InterGlobe Aviation settles case with Sebi amid promoter feud

The company has settled the matter "without admitting or denying any violation on its part," by paying a settlement charge of Rs 2.1 crore, according to a Sebi order

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

IndiGo reports Rs 620 cr loss in Q3, revenue drops 51% YoY to Rs 4,910 cr

The pre-tax loss came in at Rs 623.1 crore for the quarter under review, compared with pre-tax profit of Rs 556.5 crore clocked in Q3FY20.

F&O Expiry: Sensex sinks 536 pts; broader mkts outperform; bank stocks up

In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.

IndiGo Q3 preview: Server hack, fleet expansion among key monitorables

Investors expect the low cost airline to be a key beneficiary of revival in domestic travel amid the roll out of the coronavirus vaccine

Q3 preview: IndiGo, SpiceJet to benefit from weak dollar, festive travel

During the three months to December, Brent crude prices declined 28 per cent YoY while domestic aviation turbine fuel (ATF) prices plunged 31 per cent YoY

Servers hacked in Dec; hackers may upload docs on public platforms: IndiGo

IndiGo airlines said that some of its servers were hacked earlier in the month of December and hackers might upload some internal documents on public platforms

IndiGo recovering from Covid-19 induced aviation 'carnage' and may rehire

IndiGo, which has some 730 Airbus SE A320neo planes on order, laid off about 10% of its workforce due to the pandemic-driven slowdown

IndiGo looks to achieve pre-Covid traffic level in first few months of 2021

The airline is gearing-up for the expected demand and plans to Regional routes will take centre stage in aviation's growth especially in the near future

Indigo to reach 80% of regular domestic capacity by end of December

International flights are restricted and being run as charter operations.

Aviation stocks gain after govt increases cap on number of domestic flights

SpiceJet rallied 13 per cent to Rs 91.85 on the back of heavy volumes, while InterGlobe Aviation-run IndiGo gained 5 per cent to Rs 1,731 on the BSE

MARKET WRAP: Sensex ends choppy session 136 pts lower; Nifty ends at 11,642

Catch all the live market updates here.

InterGlobe Aviation Q2 loss widens to Rs 1,194 cr; revenue declines 64.5%

InterGlobe Aviation which operates the country's largest airline, IndiGo, saw its revenue decline 64.5 per cent year on year to Rs 3029 crore in the September-end quarter

IndiGo Q2 net loss narrows to Rs 1,195 crore QoQ, revenue jumps 257%

The low cost carrier's revenue jumped 257 per cent sequentially to Rs 2,704.9 crore from Rs 766.7 crore reported in Q1FY21

F&O expiry: L&T, HDFC twins drag Sensex 173 pts; Nifty settles at 11,671

All that happened in the markets today