News

CCI grants approval for merger of Vistara and Air India   The Competition Commission of India (CCI) granted approval on Friday for the merger between Tata Group's airlines - Vistara and Air India. This significant development opens the door for Air India to potentially become India's largest international carrier and the second-largest domestic carrier, trailing only IndiGo. This decision follows several months of scrutiny, during which the CCI had issued a show cause notice to Air India back in June, seeking clarification on...
CCI grants approval for merger of Vistara and Air India
CCI grants approval for merger of Vistara and Air India
Source: IANS
2/09/2023 10:29:20 AM
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million Shares of Interglobe Aviation dropped 3.2% in early trade on Wednesday, a day after a report said the family of IndiGo's co-founder Rakesh Gangwal would sell shares worth up to $450 million via a block deal. IndiGo did not respond to a Reuters request for comment.
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million
India`s Indigo down on report co-founder`s family to sell stake of up to $450 million
Source: Reuters
16/08/2023 9:30:40 AM
India`s IndiGo posts record quarterly profit on strong demand, lower fuel prices IndiGo operator Interglobe Aviation Ltd reported a record quarterly profit on Wednesday on strong demand for air travel and a fall in jet fuel prices. India's biggest airline by market share posted a profit of 30.87 billion rupees ($373.87 million) for the three months to June 30, compared with a loss of 10.65 billion rupees a year earlier. Revenue from operations jumped nearly 30% to 166.83 billion rupees. The low-cost carrier's cost of available seats per kilometre fell 17....
India`s IndiGo posts record quarterly profit on strong demand, lower fuel prices
India`s IndiGo posts record quarterly profit on strong demand, lower fuel prices
Source: Reuters
2/08/2023 5:16:49 PM
India`s aerospace suppliers see upside in parts-making from record jet orders Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace. Now, small and medium suppliers want to capitalize on that to drive more sales of locally sourced par...
India`s aerospace suppliers see upside in parts-making from record jet orders
India`s aerospace suppliers see upside in parts-making from record jet orders
Source: Reuters
28/06/2023 3:51:51 PM
IndiGo flies high on getting DGCA`s nod to operate new international flights Interglobe Aviation is currently trading at Rs. 2456.95, up by 18.60 points or 0.76% from its previous closing of Rs. 2438.35 on the BSE. The scrip opened at Rs. 2450.00 and has touched a high and low of Rs. 2462.00 and Rs. 2431.25 respectively. So far 11032 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2499.95 on 20-Jun-2023 and a 52 week low of Rs. 1559.75 on 21-Jun-2022. Last one week high and low of the s...
IndiGo flies high on getting DGCA`s nod to operate new international flights
IndiGo flies high on getting DGCA`s nod to operate new international flights
Source: Accord Fintech
21/06/2023 2:00:54 PM
Record plane orders raise the stakes in India's aviation boom Record plane orders by India's top two carriers show the country's untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. Indian budget airline IndiGo announced at the Paris Airshow on Monday the biggest ever plane order by number of aircraft with a deal for 500 Airbus narrowbody jets. A day later, rival Air India firmed up an order for 470 Airbus and Boeing aircraft that...
Record plane orders raise the stakes in India's aviation boom
Record plane orders raise the stakes in India's aviation boom
Source: Reuters
21/06/2023 10:04:04 AM
India is fantastic potential market for aviation: IATA chief International Air Transport Association (IATA) chief Willie Walsh has said India is a fantastic potential market for aviation but not a cheap market to operate as taxation is higher in the country than in many other places. Walsh also highlighted the scale of the economy and investments going into airports in India. Talking about a possible duopoly in the Indian airline market, Walsh said there is plenty of scope for others (airlines) to compete in the market. Meanwhile, he also said that ...
India is fantastic potential market for aviation: IATA chief
India is fantastic potential market for aviation: IATA chief
Source: Accord Fintech
7/06/2023 10:37:57 AM
Airbus nears 500-jet order from India's IndiGo Airbus is closing towards a potentially record deal to sell 500 narrow-body A320-family jets to India's largest carrier IndiGo, industry sources said on Sunday. The European planemaker has emerged as front-runner for an order eclipsing Air India's historic provisional purchase of 470 jets in February, the sources said on the sidelines of an airline industry meeting in Istanbul. Such a deal would be worth some $50 billion at the most recently published Airbus list prices, but wou...
Airbus nears 500-jet order from India's IndiGo
Airbus nears 500-jet order from India's IndiGo
Source: Reuters
5/06/2023 9:04:05 AM
IndiGo trades higher on partnering with Juspay Interglobe Aviation is currently trading at Rs. 2374.00, up by 30.70 points or 1.31% from its previous closing of Rs. 2343.30 on the BSE. The scrip opened at Rs. 2362.35 and has touched a high and low of Rs. 2379.40 and Rs. 2346.80 respectively. So far 39265 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2412.00 on 30-May-2023 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the s...
IndiGo trades higher on partnering with Juspay
IndiGo trades higher on partnering with Juspay
Source: Accord Fintech
2/06/2023 2:12:42 PM
Indian carrier IndiGo reports Q4 profit on strong demand  Interglobe Aviation Ltd, the operator of India's top airline, IndiGo, reported a second consecutive quarterly profit on Thursday, as strong demand for air travel more than offset a jump in fuel expenses. India's biggest airline by market share reported a profit of 9.16 billion rupees ($112 million) in the three months to March 31, compared to a loss of 16.80 billion rupees a year before. ($1 = 81.7800 Indian rupees)
Indian carrier IndiGo reports Q4 profit on strong demand
Indian carrier IndiGo reports Q4 profit on strong demand
Source: Reuters
18/05/2023 4:04:05 PM
IndiGo inches up on operating 11 special flights from Imphal between May 6-9 Interglobe Aviation is currently trading at Rs. 2215.00, up by 6.85 points or 0.31% from its previous closing of Rs. 2208.15 on the BSE. The scrip opened at Rs. 2215.00 and has touched a high and low of Rs. 2222.00 and Rs. 2204.00 respectively. So far 2049 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2235.95 on 03-May-2023 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the scr...
IndiGo inches up on operating 11 special flights from Imphal between May 6-9
IndiGo inches up on operating 11 special flights from Imphal between May 6-9
Source: Accord Fintech
10/05/2023 9:58:25 AM
Go First owner has no plans to exit airline: CEO Go Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline's chief executive told Reuters in an interview on Wednesday. His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The insolvency proceedings were aimed at reviving the airline and not selling it, CEO Kaushik Khona said, confi...
Go First owner has no plans to exit airline: CEO
Go First owner has no plans to exit airline: CEO
Source: Reuters
3/05/2023 5:23:21 PM
Indigo, Virgin Atlantic expand codeshare, open up new destinations  Indigo and Virgin Atlantic have expanded their codeshare, opening up an array of new destinations across India. Air passengers will now be able to book one ticket which allows them to connect seamlessly to London and beyond from destinations such as Varanasi, Srinagar, Mopa and Lucknow, through Delhi and Mumbai. In total, the partnership is adding 18 destinations to its existing portfolio making it a total of 34. The beautiful beaches of Goa have proved particularly popular with V...
Indigo, Virgin Atlantic expand codeshare, open up new destinations
Indigo, Virgin Atlantic expand codeshare, open up new destinations
Source: IANS
31/03/2023 8:41:59 AM
India says `time has come` for Airbus, Boeing to set up jet assembly plants Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country's civil aviation minister told Reuters the "time has come" to serve its soaring demand with jets assembled on domestic soil. Jyotiraditya Scindia said conditions were ripe for a "leap of faith" by both jetmakers as India's fast-growing aeronautical industry reaches an "inflection point" - highlighted by plans to assemble Airbus C295 military tran...
India says `time has come` for Airbus, Boeing to set up jet assembly plants
India says `time has come` for Airbus, Boeing to set up jet assembly plants
Source: Reuters
24/03/2023 11:11:43 AM
IndiGo flies high on reporting growth in passenger load factor in February Interglobe Aviation is currently trading at Rs. 1881.25, up by 24.85 points or 1.34% from its previous closing of Rs. 1856.40 on the BSE. The scrip opened at Rs. 1875.05 and has touched a high and low of Rs. 1907.75 and Rs. 1874.30 respectively. So far 7707 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2194.00 on 06-Feb-2023 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the sc...
IndiGo flies high on reporting growth in passenger load factor in February
IndiGo flies high on reporting growth in passenger load factor in February
Source: Accord Fintech
21/03/2023 12:55:53 PM
India`s IndiGo CEO says aircraft shortage hobbling growth plans A shortage of aircraft is hampering IndiGo airline operator Interglobe Aviation Ltd's efforts to ride a travel boom in India and globally, Chief Executive Officer Pieter Elbers said on Monday. "There's an opportunity in the markets where we would like to serve our customers and we cannot do it yet to the extent we would like to do that," Elbers told Reuters in an interview, citing pressure from the shortage of aircraft supply. India's aviation market is booming as ...
India`s IndiGo CEO says aircraft shortage hobbling growth plans
India`s IndiGo CEO says aircraft shortage hobbling growth plans
Source: Reuters
20/03/2023 4:46:43 PM
Domestic airlines carry 2.46 cr passengers during January-February, log 74.50% annual growth During January-February of this year, domestic airlines carried 2.46 crore passengers as against 1.41 crore in the corresponding period of 2022, thereby registering an annual growth of 74.50 per cent and monthly growth of 56.82 per cent. According to data published by the Directorate General of Civil Aviation (DGCA) on Monday, nearly 1.21 crore passengers were carried by the domestic airlines in February as against 76.96 lakh in the same period last year. However, February's domesti...
Domestic airlines carry 2.46 cr passengers during January-February, log 74.50% annual growth
Domestic airlines carry 2.46 cr passengers during January-February, log 74.50% annual growth
Source: IANS
20/03/2023 4:02:20 PM
IndiGo rises on entering into tourism collaboration with Austrian National Tourist Office Interglobe Aviation is currently trading at Rs. 2044.25, up by 2.85 points or 0.14% from its previous closing of Rs. 2041.40 on the BSE. The scrip opened at Rs. 2059.95 and has touched a high and low of Rs. 2059.95 and Rs. 2037.00 respectively. So far 3750 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2280.80 on 11-Feb-2022 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the scr...
IndiGo rises on entering into tourism collaboration with Austrian National Tourist Office
IndiGo rises on entering into tourism collaboration with Austrian National Tourist Office
Source: Accord Fintech
13/02/2023 11:28:36 AM
IndiGo inches up on unveiling new daily flights to enhance connectivity between India and Middle East Interglobe Aviation is currently trading at Rs. 2047.55, up by 6.80 points or 0.33% from its previous closing of Rs. 2040.75 on the BSE. The scrip opened at Rs. 2031.05 and has touched a high and low of Rs. 2052.85 and Rs. 2031.05 respectively. So far 1445 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2282.25 on 10-Feb-2022 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the scr...
IndiGo inches up on unveiling new daily flights to enhance connectivity between India and Middle East
IndiGo inches up on unveiling new daily flights to enhance connectivity between India and Middle East
Source: Accord Fintech
9/02/2023 10:44:20 AM
IndiGo flies high on strengthening domestic connectivity with addition of Nasik as 77th destination Interglobe Aviation is currently trading at Rs. 2036.00, up by 11.00 points or 0.54% from its previous closing of Rs. 2025.00 on the BSE. The scrip opened at Rs. 2025.00 and has touched a high and low of Rs. 2052.00 and Rs. 2021.45 respectively. So far 5339 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2282.25 on 10-Feb-2022 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the sc...
IndiGo flies high on strengthening domestic connectivity with addition of Nasik as 77th destination
IndiGo flies high on strengthening domestic connectivity with addition of Nasik as 77th destination
Source: Accord Fintech
8/02/2023 12:48:29 PM
India`s IndiGo Q3 profit soars as air travel takes off InterGlobe Aviation Ltd, the operator of India's top airline IndiGo, on Friday reported an eleven-fold jump in quarterly profit led by a pick up in demand for air travel. The airline has been contending with surging fuel costs and currency volatility that hit profit for the past three quarters. However, a sharp recovery in demand for air travel to near pre-COVID levels in the domestic and international markets more than offset the fuel expenses. IndiGo projects capacity in availa...
India`s IndiGo Q3 profit soars as air travel takes off
India`s IndiGo Q3 profit soars as air travel takes off
Source: Reuters
3/02/2023 5:36:27 PM
IndiGo surges on launching 28 new flights Interglobe Aviation is currently trading at Rs. 2154.70, up by 33.10 points or 1.56% from its previous closing of Rs. 2121.60 on the BSE. The scrip opened at Rs. 2135.95 and has touched a high and low of Rs. 2164.85 and Rs. 2125.30 respectively. So far 7531 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2282.25 on 10-Feb-2022 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the sc...
IndiGo surges on launching 28 new flights
IndiGo surges on launching 28 new flights
Source: Accord Fintech
20/01/2023 10:40:45 AM
Indigo tops with 54.9% market share, Vistara, Air India second with 9.2% Indigo flew far ahead of other airlines during December with 54.9 per cent share in the domestic aviation sector, Vistara and Air India secured second slot with a market share of 9.2 per cent. As per the latest data of December of aviation regulator DGCA, Indigo carried 69.97 lakh air passengers during the month while Vistara and Air India carried 11.70 lakh and 11.71 lakh air passengers. Go Air, with 9.51 lakh air passengers, had a market share of 7.5 per cent during December. For t...
Indigo tops with 54.9% market share, Vistara, Air India second with 9.2%
Indigo tops with 54.9% market share, Vistara, Air India second with 9.2%
Source: IANS
20/01/2023 9:11:09 AM
IndiGo deploys sensor technology to cut down inspection time of life vests With a view to enhance operational efficiency, IndiGo airline has introduced sensor technology for faster and accurate scanning of life vests on the aircraft. Life vests are mandatory safety equipment to be carried on all passenger aircraft in commercial service. These vests require periodic checks to ensure adequate numbers are available on board, and that they are in serviceable condition. Manual inspection of all vests would normally take 90-120 minutes, depending on the type of airc...
IndiGo deploys sensor technology to cut down inspection time of life vests
IndiGo deploys sensor technology to cut down inspection time of life vests
Source: IANS
19/01/2023 7:01:46 PM
IndiGo inches up on commencing direct flights between Pune & Dehradun Interglobe Aviation is currently trading at Rs. 2105.50, up by 0.25 points or 0.01% from its previous closing of Rs. 2105.25 on the BSE. The scrip opened at Rs. 2108.95 and has touched a high and low of Rs. 2122.05 and Rs. 2099.00 respectively. So far 3545 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2282.25 on 10-Feb-2022 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the scr...
IndiGo inches up on commencing direct flights between Pune & Dehradun
IndiGo inches up on commencing direct flights between Pune & Dehradun
Source: Accord Fintech
13/01/2023 12:39:06 PM
Indigo expands its fleet to 300 aircraft IndiGo on Friday announced that its fleet now consists of 300 aircraft. Currently, IndiGo operates the Airbus A320 CEO and NEO, the A321 NEO, and the ATR 72-600 aircraft. Speaking on the occasion, Pieter Elbers, Chief Executive Officer, IndiGo said: "We are excited to announce that our fleet size now stands at 300 aircraft, giving wings to our ambitions. We have recently expanded operations across west, east, and north-east India as well as the middle east. "The strong fleet w...
Indigo expands its fleet to 300 aircraft
Indigo expands its fleet to 300 aircraft
Source: IANS
7/01/2023 9:34:28 AM
IndiGo gains on launching 32 new flights to enhance connectivity between India, Europe Interglobe Aviation is currently trading at Rs. 1932.00, up by 14.40 points or 0.75% from its previous closing of Rs. 1919.60 on the BSE. The scrip opened at Rs. 1931.95 and has touched a high and low of Rs. 1932.00 and Rs. 1918.25 respectively. So far 1607 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2282.25 on 10-Feb-2022 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the sc...
IndiGo gains on launching 32 new flights to enhance connectivity between India, Europe
IndiGo gains on launching 32 new flights to enhance connectivity between India, Europe
Source: Accord Fintech
6/12/2022 10:25:40 AM
IndiGo trades higher on commencing operations from Donyi Polo Airport in Itanagar InterGlobe Aviation (IndiGo) is currently trading at Rs. 1916.20, up by 2.95 points or 0.15% from its previous closing of Rs. 1913.25 on the BSE. The scrip opened at Rs. 1915.00 and has touched a high and low of Rs. 1938.45 and Rs. 1906.00 respectively. So far 7695 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2282.25 on 10-Feb-2022 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low o...
IndiGo trades higher on commencing operations from Donyi Polo Airport in Itanagar
IndiGo trades higher on commencing operations from Donyi Polo Airport in Itanagar
Source: Accord Fintech
29/11/2022 10:25:32 AM
Key Stock News: Ola, Uber, Godrej Properties , IndiGo , Paytm , Adani - ARETE Securities Ola, Uber drivers fret over 5% convenience fee on each autorickshaw ride                       The Ola Uber Drivers and Owners' Association (OUDOA) and the autorickshaw drivers linked with the ride-hailing companies are apprehensive about the five per cent convenience fee and Goods and Services Tax levied on every autorickshaw ride taken up by passengers. The Karnataka government on November 25 directed the regional transport autho...
Key Stock News: Ola, Uber, Godrej Properties , IndiGo , Paytm , Adani - ARETE Securities
Key Stock News: Ola, Uber, Godrej Properties , IndiGo , Paytm , Adani - ARETE Securities
Source: ARETE Securities Ltd
28/11/2022 9:44:25 AM
IndiGo CarGo operates 1st international flight between Kolkata, Yangon IndiGo CarGo operated its first international flight between Kolkata and Yangon, Myanmar. The A321 P2F freighter aircraft on Tuesday carried general cargo with a payload of more than 19,000 kg. The freighter had recently carried cargo between Delhi and Mumbai. Mahesh Malik, Chief Commercial Officer, IndiGo CarGo, said: "We are thrilled to expand IndiGo CarGo operations to international shores with its flight between Kolkata-Yangon. Both the cities are major commercial hubs, and ...
IndiGo CarGo operates 1st international flight between Kolkata, Yangon
IndiGo CarGo operates 1st international flight between Kolkata, Yangon
Source: IANS
23/11/2022 4:07:58 PM
IndiGo inaugurates 2nd MRO facility at Bengaluru airport IndiGo inaugurated its second maintenance repair and overhaul (MRO) facility at Bengaluru's Kempegowda International Airport. The 13,000 sq.metre hangar is built on five acres of land and is the second largest maintenance facility at the airport. IndiGo has signed a 20-year pact with the Bengaluru International Airport Ltd. for the facility which was inaugurated by the airline's engineering head, S.C. Gupta. The facility can accommodate up to 2 narrow body aircraft at the sam...
IndiGo inaugurates 2nd MRO facility at Bengaluru airport
IndiGo inaugurates 2nd MRO facility at Bengaluru airport
Source: IANS
23/11/2022 12:32:13 PM
India`s IndiGo posts bigger loss on weaker rupee, soaring fuel costs InterGlobe Aviation Ltd, the operator of India's top airline IndiGo, on Friday posted a bigger second-quarter loss due to foreign exchange losses and higher fuel prices. Fuel costs more than tripled during the quarter from a year ago period, while foreign exchange losses due to a weaker rupee stood at 12.02 billion rupees for the quarter, the company said. InterGlobe expects a jump of about 25% in capacity in available seat per kilometre in the current quarter over the same period a...
India`s IndiGo posts bigger loss on weaker rupee, soaring fuel costs
India`s IndiGo posts bigger loss on weaker rupee, soaring fuel costs
Source: Reuters
4/11/2022 5:32:57 PM
IndiGo launches direct flights between Indore and Chandigarh In its bid to strengthen domestic connectivity and offer consumers the ease of taking direct flights to maximum destinations, IndiGo has launched direct flights between Indore-Chandigarh. The ceremony on Tuesday was graced by Civil Aviation Minister Jyotiraditya Scindia and other eminent dignitaries from Indore. Both Indore and Chandigarh are smart cities and hold historical importance and have many tourist attractions that are must-visit. Indore is the heart of India as it is in the...
IndiGo launches direct flights between Indore and Chandigarh
IndiGo launches direct flights between Indore and Chandigarh
Source: IANS
1/11/2022 1:41:20 PM
IndiGo announces direct flight between Mumbai, Istanbul IndiGo airline on Tuesday announced the launch of direct flight between Mumbai-Istanbul in its bid to strengthen international connectivity, an official said. These new routes and additional frequencies will enhance international connectivity between India and Turkey and beyond, through IndiGo's code share with Turkish Airlines. Indigo said that these flights are designed to cater to business and leisure travellers who are constantly on the lookout for new and affordable flying opti...
IndiGo announces direct flight between Mumbai, Istanbul
IndiGo announces direct flight between Mumbai, Istanbul
Source: IANS
12/10/2022 9:30:01 AM
Stock Picks - Sun Pharma Ltd and Indigo Ltd By ICICI Direct Sun Pharma Ltd Buy Sun Pharma Ltd @ 948.00-952.00 CMP 955.15 Stop Loss 941.20 Target 959.40/967.90   Indigo Ltd Buy Indigo Ltd @ 1781-1784 CMP 1794.10 Stop Loss 1799.50 Target 1765.40/1748.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the...
Stock Picks - Sun Pharma Ltd and Indigo Ltd By ICICI Direct
Stock Picks - Sun Pharma Ltd and Indigo Ltd By ICICI Direct
Source: ICICI Direct
10/10/2022 11:16:14 AM
High fuel prices, depreciation of rupee to hamper margins in aviation sector  Even as the recovery in the aviation sector has been highly impressive with stable traffic at around 90 per cent of pre-Covid levels, Brokerage firm Prabhdas Lilladhar has said the domestic passenger traffic is likely to decline nearly 8-9 per cent QoQ, led by the seasonal nature of Indian aviation industry. International passenger traffic has also been on an uptrend, since the resumption of international operations in March 2022. "However, some concerns like high fuel prices an...
High fuel prices, depreciation of rupee to hamper margins in aviation sector
High fuel prices, depreciation of rupee to hamper margins in aviation sector
Source: IANS
6/10/2022 3:10:24 PM
Four Indian-Americans in Forbes 400 rich list Indian-Americans Vinod Khosla, Romesh Wadhwani and Rakesh Gangwal made it to the Forbes 2022 list of 400 wealthiest Americans with Zscaler CEO Jay Chaudhry leading the pack with a net worth of $8.2 billion. Overall, Tesla's Elon Musk earned the top spot for the first time, unseating former Amazon CEO Jeff Bezos, who had held the top spot for four consecutive years. As a group, the 400 wealthiest Americans are worth $4 trillion, $500 billion less than last year, Forbes noted. Chau...
Four Indian-Americans in Forbes 400 rich list
Four Indian-Americans in Forbes 400 rich list
Source: IANS
4/10/2022 5:41:12 PM
Indigo far ahead of other airlines with 57.7% market share in August Vistara stays No. 2 Indigo flew ahead of other airlines during August with 57.7 per cent share in the domestic aviation sector, while Vistara secured the second slot with a market share of 9.7 per cent. As per the latest data from the aviation regulator, Indigo carried 58.32 lakh air passengers during the month while Vistara carried 9.81 lakh air passengers. Go First was at third position with 8.7 lakh passengers and 8.6 per cent market share. Air India, with 8.61 lakh air passengers, had a market share of...
Indigo far ahead of other airlines with 57.7% market share in August Vistara stays No. 2
Indigo far ahead of other airlines with 57.7% market share in August Vistara stays No. 2
Source: IANS
17/09/2022 9:35:56 AM
Domestic airline industry likely to report up to Rs 17000 crore loss in current fiscal: Icra Credit ratings agency Icra in its latest report has said that domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal (FY23) on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee. It stated the losses for the industry in the previous fiscal were estimated at around Rs 23,000 crore. Any positive or negative movement in rupee against the US dollar and any increase or decrease in the jet fuel prices have a major bearing on t...
Domestic airline industry likely to report up to Rs 17000 crore loss in current fiscal: Icra
Domestic airline industry likely to report up to Rs 17000 crore loss in current fiscal: Icra
Source: Accord Fintech
8/09/2022 10:50:22 AM
IndiGo flies high on inking new codeshare agreement with Virgin Atlantic Interglobe Aviation is currently trading at Rs. 2053.30, up by 14.60 points or 0.72% from its previous closing of Rs. 2038.70 on the BSE. The scrip opened at Rs. 2033.00 and has touched a high and low of Rs. 2060.00 and Rs. 2030.30 respectively. So far 10259 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the s...
IndiGo flies high on inking new codeshare agreement with Virgin Atlantic
IndiGo flies high on inking new codeshare agreement with Virgin Atlantic
Source: Accord Fintech
2/09/2022 12:04:04 PM
Virgin Atlantic, IndiGo announce new codeshare agreement Offering seamless connections and increased opportunities for frequent fliers, Virgin Atlantic and IndiGo announced a new codeshare between the UK and India. The codeshare partnership will mean customers booking a Virgin Atlantic ticket will be able to fly on the airline's flights from London's Heathrow to Delhi and Mumbai and connect to and fro to seven additional cities in India. Later this year the agreement will be expanded to cover a total of 16 destinations throughout Indi...
Virgin Atlantic, IndiGo announce new codeshare agreement
Virgin Atlantic, IndiGo announce new codeshare agreement
Source: IANS
31/08/2022 5:48:47 PM
IndiGo flies high on unveiling `Sweet 16` anniversary sale Interglobe Aviation is currently trading at Rs. 1977.30, up by 2.05 points or 0.10% from its previous closing of Rs. 1975.25 on the BSE. The scrip opened at Rs. 2024.90 and has touched a high and low of Rs. 2024.90 and Rs. 1918.90 respectively. So far 52085 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the sc...
IndiGo flies high on unveiling `Sweet 16` anniversary sale
IndiGo flies high on unveiling `Sweet 16` anniversary sale
Source: Accord Fintech
4/08/2022 3:46:15 PM
IndiGo rises on commencing flight from Mumbai to Bahrain InterGlobe Aviation is currently trading at Rs. 1950.40, up by 6.65 points or 0.34% from its previous closing of Rs. 1943.75 on the BSE. The scrip opened at Rs. 1950.00 and has touched a high and low of Rs. 1963.90 and Rs. 1917.50 respectively. So far 11942 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the sc...
IndiGo rises on commencing flight from Mumbai to Bahrain
IndiGo rises on commencing flight from Mumbai to Bahrain
Source: Accord Fintech
3/08/2022 12:30:48 PM
Domestic air traffic records 66.73% growth in Jan-June period  Aviation traffic in the country is growing continuously, with DGCA data showing that passengers carried by domestic airlines grew 66.73 per cent from 343.37 lakh to 572.49 lakh in the January to June period. The Directorate General of Civil Aviation data said that this also shows a monthly growth of 237.65 per cent. The passenger load factor (PLF) or occupancy rates for IndiGo was 78.6 per cent, 84.1 per cent for SpiceJet, 83.8 per cent for Vistara, 75.4 per cent for Air India, 75...
Domestic air traffic records 66.73% growth in Jan-June period
Domestic air traffic records 66.73% growth in Jan-June period
Source: IANS
22/07/2022 4:42:00 PM
IndiGo soars higher on partnering with Recaro IndiGo is currently trading at Rs. 1700.15, up by 7.10 points or 0.42% from its previous closing of Rs. 1693.05 on the BSE. The scrip opened at Rs. 1695.00 and has touched a high and low of Rs. 1711.00 and Rs. 1680.90 respectively. So far 6435 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
IndiGo soars higher on partnering with Recaro
IndiGo soars higher on partnering with Recaro
Source: Accord Fintech
12/07/2022 11:07:01 AM
IndiGo flies high on strengthening regional presence with addition of Deoghar as 74th domestic destination Interglobe Aviation is currently trading at Rs. 1686.00, up by 9.00 points or 0.54% from its previous closing of Rs. 1677.00 on the BSE. The scrip opened at Rs. 1665.00 and has touched a high and low of Rs. 1689.60 and Rs. 1651.00 respectively. So far 8629 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the scr...
IndiGo flies high on strengthening regional presence with addition of Deoghar as 74th domestic destination
IndiGo flies high on strengthening regional presence with addition of Deoghar as 74th domestic destination
Source: Accord Fintech
11/07/2022 11:26:05 AM
IndiGo files high on the BSE IndiGo is currently trading at Rs. 1635.85, up by 7.75 points or 0.48% from its previous closing of Rs. 1628.10 on the BSE. The scrip opened at Rs. 1603.95 and has touched a high and low of Rs. 1649.00 and Rs. 1591.95 respectively. So far 29542 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1513.30 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
IndiGo files high on the BSE
IndiGo files high on the BSE
Source: Accord Fintech
22/06/2022 4:08:45 PM
IndiGo trades higher on the bourses Interglobe Aviation is currently trading at Rs. 1811.90, up by 17.70 points or 0.99% from its previous closing of Rs. 1794.20 on the BSE. The scrip opened at Rs. 1782.50 and has touched a high and low of Rs. 1820.00 and Rs. 1777.85 respectively. So far 3795 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1556.25 on 08-Mar-2022. Last one week high and low of the sc...
IndiGo trades higher on the bourses
IndiGo trades higher on the bourses
Source: Accord Fintech
10/06/2022 9:56:51 AM