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India is now world`s 3rd largest domestic aviation market, next to US & China India has now become the world’s third-largest domestic aviation market after the U.S. and China, as airlines such as IndiGo and Air India have expanded their fleet size to cater to the surge in air passengers, according to data compiled by aviation analytics firm OAG. The data show India’s domestic airline capacity doubled in the last 10 years from 7.9 million seats in April 2014 to 15.5 million in April 2024 to surpass Brazil and Indonesia and move up from the 5th position. ...
India is now world`s 3rd largest domestic aviation market, next to US & China
India is now world`s 3rd largest domestic aviation market, next to US & China
Source: IANS
2024-06-28 03:13:04 pm
India`s IndiGo beats Q4 profit estimates on strong demand India's IndiGo airline operator Interglobe Aviation reported a bigger-than-expected rise in fourth-quarter profit as it flew more passengers at higher ticket prices. The country's top airline by market share said profit more-than-doubled to 18.94 billion rupees ($227.6 million) from 9.16 billion rupees a year ago. It was expected to report a profit of 17.17 billion rupees, an average of four analysts' estimates showed, per LSEG data. The number of passengers carried domestic...
India`s IndiGo beats Q4 profit estimates on strong demand
India`s IndiGo beats Q4 profit estimates on strong demand
Source: Reuters
2024-05-23 05:31:29 pm
IndiGo flies high on unveiling additional flights between Delhi - Phuket Interglobe Aviation is currently trading at Rs. 3982.85, up by 34.50 points or 0.87% from its previous closing of Rs. 3948.35 on the BSE. The scrip opened at Rs. 3968.05 and has touched a high and low of Rs. 4021.00 and Rs. 3931.00 respectively. So far 4062 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4188.15 on 03-May-2024 and a 52 week low of Rs. 2,197.55 on 09-May-2023. Last one week high and low of the s...
IndiGo flies high on unveiling additional flights between Delhi - Phuket
IndiGo flies high on unveiling additional flights between Delhi - Phuket
Source: Accord Fintech
2024-05-08 01:00:56 pm
Diet Report Aviation - INDIGO: Competition escalates By Elara Capital INDIGO’s competitors turn aggressive on fleet addition In the past four months, through September 2023–January 2024, InterGlobe Aviation (INDIGO IN) lost domestic market share from the peak of 63.4% to 60.2%, which mirrored the strong fleet addition by competitors at 26 narrow body aircraft (20 by Air India, three by Vistara and three by Akasa), versus 12 by INDIGO. In contrast, INDIGO strongly gained market share in H1FY24, from 56.8% in Marc...
Diet Report Aviation - INDIGO: Competition escalates By Elara Capital
Diet Report Aviation - INDIGO: Competition escalates By Elara Capital
Source: Elara Capital
2024-04-15 09:45:05 am
Indian carrier IndiGo`s Q3 profit doubles on strong demand, fares IndiGo operator Interglobe Aviation reported more than two-fold growth in third-quarter profit on Friday, helped by air travel demand and higher fares in a seasonally strong period. The company reported a standalone profit of 29.98 billion rupees ($362 million) for the quarter ended Dec. 31, compared to 14.18 billion rupees in the year-ago period. IndiGo, a low-cost carrier, has India's largest airline fleet of 358 aircraft and commands a market share of over 62%. The company ben...
Indian carrier IndiGo`s Q3 profit doubles on strong demand, fares
Indian carrier IndiGo`s Q3 profit doubles on strong demand, fares
Source: Reuters
2024-02-02 04:39:01 pm
IndiGo announces direct flight between Dubai and Surat from Feb 23 IndiGo on Thursday announced direct flights between Dubai and Surat which will operate tri-weekly from February 23. "The addition of this strategic route to the 6E network is designed to facilitate seamless travel for tourists and business travellers and enhance bilateral economic growth and relations between India and the UAE,” said an airline official. With the addition of this flight, Surat becomes the second city in Gujarat, with direct connectivity to Dubai on the IndiGo...
IndiGo announces direct flight between Dubai and Surat from Feb 23
IndiGo announces direct flight between Dubai and Surat from Feb 23
Source: IANS
2024-01-25 05:48:21 pm
IndiGo rises on signing MoU with Noida International Airport Interglobe Aviation is currently trading at Rs. 2606.95, up by 38.10 points or 1.48% from its previous closing of Rs. 2568.85 on the BSE. The scrip opened at Rs. 2593.95 and has touched a high and low of Rs. 2606.95 and Rs. 2572.40 respectively. So far 11303 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the s...
IndiGo rises on signing MoU with Noida International Airport
IndiGo rises on signing MoU with Noida International Airport
Source: Accord Fintech
2023-11-28 02:00:18 pm
Noida International Airport signs MoU with IndiGo Noida International Airport on Friday signed a Memorandum of Understanding (MoU), with IndiGo to work together towards developing and strengthening the air connectivity within Uttar Pradesh and beyond, an airport official said. With this development, IndiGo becomes the inaugural or launch carrier for the airport, accentuating its commitment to support the rapidly growing Indian aviation market. "Under this arrangement, Noida International Airport and IndiGo will work together towar...
Noida International Airport signs MoU with IndiGo
Noida International Airport signs MoU with IndiGo
Source: IANS
2023-11-25 09:27:14 am
Indian aviation industry leaders thank Jyotiraditya Scindia for game-changing legal amendment High-ranking representatives from four major airlines in India, including Air India, SpiceJet, Vistara, and IndiGo, convened in the national capital on Tuesday to meet Union Minister of Civil Aviation, Jyotiraditya Scindia.As per officials, the purpose of this meeting was to express their gratitude for a recent legal amendment that has significant implications for the aviation industry.?Air India's Managing Director and CEO, Campbell Wilson; Vistara's CEO, Vinod Kannan; SpiceJet's Chairman an...
Indian aviation industry leaders thank Jyotiraditya Scindia for game-changing legal amendment
Indian aviation industry leaders thank Jyotiraditya Scindia for game-changing legal amendment
Source: IANS
2023-10-18 10:18:58 am
India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers CEO of economy carrier IndiGo, Pieter Elbers, on Tuesday described India as one of the most competitive aviation markets in the world.Addressing the All India Management Association (AIMA) conference here, he further added that the competition in the market is huge.Elbers said that India is an ?incredible? aviation market and IndiGo is going through a ?maturing phase?. He underlined the need for having aviation hubs in India which is an underserved area. The IndiGo CEO said that India ha...
India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers
India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers
Source: IANS
2023-09-26 05:29:08 pm
IndiGo rises on commencing operations to Almaty Interglobe Aviation is currently trading at Rs. 2383.80, up by 5.10 points or 0.21% from its previous closing of Rs. 2378.70 on the BSE.The scrip opened at Rs. 2389.95 and has touched a high and low of Rs. 2395.00 and Rs. 2363.00 respectively. So far 1989 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1676.00 on 09-Nov-2022.Last one week high and low of the scrip stood at Rs. 2419...
IndiGo rises on commencing operations to Almaty
IndiGo rises on commencing operations to Almaty
Source: Accord Fintech
2023-09-26 11:16:17 am
IndiGo & British Airways sign codeshare agreement IndiGo and international carrier, British Airways have signed a codeshare agreement to further boost connections between India and the UK.?Through this partnership ? which sees British Airways add its code onto a couple of destinations across IndiGo's network --passengers would be able to experience improved connectivity between India and the UK for travel from October 12.?"With this codeshare partnership with IndiGo, British Airways will now be able to add three additional routes to their ex...
IndiGo & British Airways sign codeshare agreement
IndiGo & British Airways sign codeshare agreement
Source: IANS
2023-09-22 09:39:11am
Domestic air traffic surges 22.81% in August: DGCA The Directorate General of Civil Aviation (DGCA) in its latest report has showed that the domestic air passenger traffic surged 22.81 per cent to 1.24 crore in August 2023 as against 1.01 crore in the year-ago period. The overall cancellation rate of scheduled domestic airlines for the month of August 2023 has been 0.65%. During August 2023, a total of 288 passenger related complaints had been received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried...
Domestic air traffic surges 22.81% in August: DGCA
Domestic air traffic surges 22.81% in August: DGCA
Source: Accord Fintech
2023-09-15 01:48:17pm
India's IndiGo gets regulatory nod to wet-lease 11 A320 aircraft IndiGo operator Interglobe Aviation has been allowed to wet-lease 11 A320 aircraft, CNBC-TV18 reported on Wednesday, citing sources at the Directorate General of Civil Aviation.This comes amid IndiGo grounding nearly 40 planes due to a Pratt & Whitney engine issue, the report said.Pratt's owner RTX had on Monday said it would have to pull a total of 600 to 700 engines off their Airbus A320neo jets for lengthy quality inspections between 2023 and 2026.IndiGo did not immediately respond to ...
India's IndiGo gets regulatory nod to wet-lease 11 A320 aircraft
India's IndiGo gets regulatory nod to wet-lease 11 A320 aircraft
Source: Reuters
2023-09-13 07:46:35pm