Leading low-cost airline Indigo on Friday reported net profit at Rs 2,728 crore for the April-June quarter -- a drop of 11.7 per cent from Rs 3,090.6 crore in the same quarter last year.
The operational revenue of the airline went up 17.3 per cent to Rs 19,570.7 crore in Q1 FY25, as compared to Rs 16,683.1 crore in the same quarter the previous year.
The shares of Interglobe Aviation Ltd, the parent company of IndiGo, closed 1.37 per cent up at Rs 4,491.25 on Friday.
“We ...
Indigo’s net profit drops 11.7 pc to Rs 2,728 cr in Q1, revenue up 17.3 pc
The biggest shareholder in India's IndiGo airline will sell a 2% stake, worth 32.93 billion rupees ($394 million), in the low-cost carrier's parent on Tuesday, according to a term sheet seen by Reuters.
Interglobe Enterprises, which has a 37.75% stake in Interglobe Aviation, the operator of IndiGo, will sell the shares at a base price of 4,266 rupees each, the term sheet showed.
That is a 6.6% discount to the stock's closing price on Monday. The stock dropped 3.3% to 4,418 r...
Indian airline IndiGo's top shareholder to sell 2% stake, worth $394 million, per term sheet
The Directorate General of Civil Aviation (DGCA) has released the Domestic Winter Schedule for 2023, signalling a significant increase in domestic air travel.Under the schedule 2023, there will be a total of 23,732 weekly departures connecting 118 airports.To be in effect from October 29, 2023, to March 30, 2024, the schedule marks a notable recovery after two consecutive years of reduced domestic flight operations.According to the DGCA, one of the standout features of this winter schedule is...
DGCA releases winter schedule of flights, 23,732 flights set to operate from 118 airports
