Indian aviation makes history as domestic airlines carry 5.05 lakh passengers in a single day
New Delhi/IBNS: Indian aviation on Sunday (Nov. 17) achieved a historic milestone, surpassing 5 lakh domestic passengers in a single day for the first time.
IndiGo co-founder Rakesh Gangwal appointed Chairman of Southwest Airlines
Billionaire and IndiGo co-founder Rakesh Gangwal has been appointed as the Chairman of Southwest Airlines, the U.S.-based carrier announced, media reports said.
IndiGo reports Rs 987 cr loss in Sept qtr; revenue rises to Rs 16,970 cr
Gurugram: IndiGo reported a loss of Rs 987 crore for the second quarter ending September 2024, slipping back into the red after posting a profit of Rs 189 crore in the same quarter last year and Rs 2,728 crore in the previous June quarter, media reports said.
IndiGo Ventures gets SEBI approval to launch Venture Capital Fund to invest in aviation startups
Gurugram: Budget carrier IndiGo Tuesday announced that its corporate venture capital fund, IndiGo Ventures, has received the Alternative Investment Fund approval from the Securities and Exchange Board of India (SEBI), according to an official statement.
IndiGo Q1FY25: Net profit drops 11.7% to Rs 27,288 million on increased expenses
Gurugram: IndiGo operator Interglobe Aviation reported an 11.7% drop in net profit in the first-quarter of FY25 to Rs 27,288 million against Rs 30,906 million with increased expenses overshadowing strong air travel demand.
IndiGo shares tank 4% as parent InterGlobe Enterprises offloads 2.2%
New Delhi/IBNS: The shares of India's leading domestic and international passenger airline InterGlobe Aviation Ltd, which does business as IndiGo, slumped by 4 percent after a block deal involving 83.7 lakh shares, representing a 2.2 percent stake in the company, took place on the exchanges, reports said.
IndiGo Q4FY24 net profit multiplies more than double YoY to Rs 18,948 million on strong demand
Gurgaon: InterGlobe Aviation Ltd., which operates budget airline IndiGo, today reported a net profit of Rs 18,948 million in the fourth quarter of FY24 compared to net profit of Rs 9,192 million.
IndiGo becomes world's 3rd largest airline by market capitalisation after stocks hit new high
Mumbai: IndiGo Airlines became the world's third largest airline on Wednesday in terms of market capitalisation as stocks of its operator InterGlobe Aviation Limited climbed to a new record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus bolstering their gains for the fourth day in a row, media reports said.
IndiGo Q3FY24 net profit jumps to Rs 29,981 million
Gurgaon, February 2, 2024: InterGlobe Aviation Ltd, the parent company of India's largest airline IndiGo reported a net profit of Rs 29,981 million for the quarter that ended December 2023, compared to Rs 1,418 crore in the year-ago period.
Income Tax Commissioner confirms tax demand of Rs 1,666 cr on IndiGo
New Delhi: The Commissioner of Income Tax-Appeals has affirmed a tax demand of nearly Rs 1,666 crore on Interglobe Aviation, the parent company of IndiGo airlines, as disclosed in a notice to stock exchanges on Wednesday, Moneycontrol reported.
New Delhi: In the wake of disruptions in flight operations caused by a shortage of spare parts amid global supply chain difficulties, Indian aviation companies are increasingly seeking non-critical aircraft components from domestic suppliers, Mint reported citing industry sources.
InterGlobe Aviation posts Rs 189 crore profit in Q2
New Delhi: InterGlobe Aviation, the company that operates IndiGo Airlines, on Friday reported a Rs 188.9 crore consolidated net profit for the September quarter (Q2) of the current financial year 2023-24 as against a net loss of Rs 1,583.3 crore in the same period a year ago.
IndiGo commences operations between Delhi-Itanagar
Private airlines major IndiGo has commenced exclusive direct flights between Delhi and Itanagar, effective October 2, 2023.
IndiGo gets DGCA's approval to add 11 planes
Delhi: Budget carrier IndiGo has received approval from the Directorate General of Civil Aviation (DGCA) to incorporate 11 A320 planes from SmartLynx Airlines, media reports said.
IndiGo reports Rs 3,091 cr profit in Q1FY24; revenue from ops grows to Rs 16,683 cr
Gurugram: InterGlobe Aviation, the parent company of IndiGo, reported a notable turnaround in its financial performance for the quarter ending June 2023.