IndiGo flies high on planning to connect four more US cities through Turkish airlines codeshare
Interglobe Aviation is currently trading at Rs. 4401.00, up by 17.20 points or 0.39% from its previous closing of Rs. 4383.80 on the BSE.
The scrip opened at Rs. 4437.95 and has touched a high and low of Rs. 4437.95 and Rs. 4356.00 respectively. So far 1241 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5033.20 on 12-Sep-2024 and a 52 week low of Rs. 2817.40 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 4483.00 and Rs. 4356.00 respectively. The current market cap of the company is Rs. 169905.50 crore.
The promoters holding in the company stood at 49.29%, while Institutions and Non-Institutions held 46.05% and 4.65% respectively.
InterGlobe Aviation (IndiGo) is planning to connect four more US cities, including Houston and Atlanta, through its codeshare partnership with Turkish airlines. Apart from Houston and Atlanta, the codeshare connecting flights will be available for Miami and Los Angeles through Istanbul from December 18.
This expansion of IndiGo's codeshare network in partnership with Turkish Airlines now links to nine destinations across the USA. Codeshare partnership allows an airline to book its passengers on its partner carriers and provide seamless travel to various destinations.
Other cities connected through the codeshare partnership are New York, Washington, Boston, Chicago, and San Francisco. IndiGo also has a codeshare partnership with American Airlines that connects to two US cities - New York and Seattle.
Its codeshare partnership with Turkish Airlines will expand to a total of 43 destinations. IndiGo has codeshare partnerships with nine airlines. With a fleet of over 380 planes, IndiGo operates around 2,100 daily flights connecting more than 85 domestic and over 30 international destinations.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.