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The Latest Breaking News from IndiGo

IndiGo shares sink 3% after Rs 238 crore Q1 loss, but why are Citi and Nuvama raising target prices?

InterGlobe Aviation (IndiGo) reported a Q1FY27 net loss of Rs 238 crore as soaring fuel costs pushed expenses ahead of revenue growth. Despite the earnings miss, brokerages including Citi and Nuvama retained their 'Buy' ratings and raised target prices, citing strong yields, pricing power, disciplined capacity expansion and long-term growth…

The Economic Times

Adani Enterprises denies plans for airline after reports of aviation push

Adani Enterprises has denied reports about launching a commercial airline. The company stated these claims were entirely baseless and factually incorrect. This clarification follows earlier reports of seeking regulatory changes for airport operators. The conglomerate has expanded its aviation interests across various services. Adani Group currently manages eight airports in…

The Economic Times

Stocks in news: Infosys, Cipla, Meesho, Suzlon Energy, IndiGo, NTPC

Markets extended their losing streak for a fourth consecutive session. Infosys reported a 12% year-on-year profit growth in its first quarter. Cipla's net profit fell 39% due to weakness in its North America business. IndiGo reported a loss of Rs 238 crore in its first quarter. Several other companies will…

The Economic Times

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'Massive conflict of interest' if airport operators allowed to own airlines: IndiGo MD Rahul Bhatia

IndiGo's Rahul Bhatia stated airport operators owning airlines creates massive conflict of interest. He noted this situation lacks global precedent and raises significant concerns. The Adani Group, which operates eight airports, has proposed entering the airline business. This proposal seeks relaxation of current norms restricting airport operators' airline ownership. The…

The Economic Times

CCI anti-trust probe: IndiGo proposes steps to address competition concerns during large-scale disruptions

IndiGo has proposed crisis management measures to the Competition Commission of India. The airline will establish a dedicated grievance redressal mechanism and a crisis management group. It will also temporarily hand over flight slots during large disruptions. These commitments aim to address anti-competitive concerns raised by the CCI. The investigation…

The Economic Times

IndiGo Q1 Results: Airline reports Rs 238 crore loss vs profit YoY; revenue rises 20%

Interglobe Aviation Q1 Results: IndiGo reported a net loss of Rs 238 crore in Q1FY27, compared with a profit of Rs 2,176 crore a year ago, as sharply higher operating costs outweighed strong revenue growth. Revenue from operations rose 20% year on year to Rs 24,584 crore, while total expenses…

The Economic Times

Boarding call: Can Adani succeed where so many airlines have failed?

Adani Group's potential airline entry could reshape India's aviation industry, but challenging the IndiGo-Air India duopoly will demand years of investment. Strong airport infrastructure, deep financial resources and aviation synergies offer advantages, while aircraft shortages, regulatory hurdles and tough airline economics remain the biggest obstacles.

The Economic Times

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Hyderabad: Office cab driver arrested for allegedly raping IndiGo crew member. Here's what he confessed

Police arrested a 23-year-old cab driver for allegedly raping a woman cabin crew member. The driver confessed to the crime during interrogation after his apprehension by police. He had taken a detour while driving the woman to the airport for her shift. The victim contacted police and was taken for…

The Economic Times

Stocks in news: Infosys, IndusInd Bank, Eternal, Adani Green, Dr Reddy's

Indian markets experienced a decline on Wednesday due to global and geopolitical concerns. IndusInd Bank reported a significant profit increase while Eternal saw substantial net profit growth. BPCL, however, posted a considerable loss in the first quarter. Adani Green announced a moderate profit rise, and Dr Reddy's profit declined. Several…

The Economic Times

Centre pulls up DGCA over lapses in hiring process

India's aviation ministry has reprimanded its safety regulator for failing to prevent conflicts of interest. Officials' relatives are working in the aviation sector, raising concerns about potential influence. The Directorate General of Civil Aviation faces scrutiny over delayed disclosures of these family placements. This situation arises amid rapid growth and…

The Economic Times

India weighs letting airport owners Adani, GMR run own airlines to curb duopoly

India is discussing a policy shift to permit airport operators to own airlines. This change could allow Adani Group and GMR Airports to establish their own carriers. Current rules restrict airport operators' airline ownership stakes significantly. The move aims to increase competition against dominant carriers like IndiGo and Air India.

The Economic Times

Domestic air traffic falls 12% to 1.35 crore in June on monthly basis

Domestic air traffic saw a nearly twelve percent decline in June. IndiGo's market share increased to sixty-six point three percent from May. Air India Group and SpiceJet experienced market share decreases during this period. Akasa Air's market share rose to six point four percent in June. Airlines compensated passengers for…

The Economic Times

IndiGo shares in focus on MoU with CFM International for over 1,000 LEAP engines

IndiGo has signed a significant MoU with CFM International for over 1,000 LEAP-1A engines. This agreement marks the largest single order ever placed for LEAP engines. CFM International will also support IndiGo's new engine maintenance facility. The airline's partnership with CFM International continues its growth phase. This deal strengthens IndiGo's…

The Economic Times

IndiGo to place order for over 1,000 aircraft engines with CFM International

IndiGo has signed an agreement with CFM International to order more than 1,000 LEAP-1A engines for its 510 Airbus A320neo family aircraft, marking the largest-ever single order for LEAP engines. The deal was announced at the Farnborough International Airshow, though financial details were not disclosed.

The Economic Times

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The Economic Times

IndiGo selects Honeywell Aerospace's avionics, power systems for 810 A320 neo family planes

IndiGo has selected Honeywell Aerospace's avionics and power systems for 810 Airbus A320neo family aircraft scheduled for delivery in the coming years. Honeywell said the agreement is the largest new-aircraft selectable equipment contract in its history and will cover auxiliary power units, weather radar, collision avoidance systems, flight management systems,…

The Economic Times

Abu Dhabi's Zayed International airport to have direct flights to 22 Indian cities

Abu Dhabi Airport will increase direct flights to twenty-two Indian cities in August. This expansion reflects India's strong tourism market and growing passenger numbers. Air India Express has recently launched new services from Navi Mumbai and Indore. IndiGo and Akasa Air also operate flights connecting the two nations. The airport…

The Economic Times

Noida Airport turns one month old, is it still flying half-empty?

Noida International Airport completes one month with mixed operational results. Flight counts have nearly tripled, and passenger footfall is climbing steadily. However, airlines are retreating from unprofitable routes due to connectivity issues. Connectivity improvements are planned, and the airport faces competition from a less saturated IGIA. The airport's initial struggles…

Woman & Home

Kate Middleton's gorgeous gingham dress is a summer frock option that'll have you looking picnic-ready at all times

Gingham couldn't be more perfect for this time of year and the Princess put a 'grown-up' spin on it at the polo

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The Economic Times

Stocks in news: DMart, HCL Tech, ICICI Pru AMC, Dr Reddy’s, NTPC, IndiGo

Markets saw a strong rebound on Friday, driven by global cues and IT earnings. HCL Tech and ICICI Pru AMC will announce their first quarter results today. DMart reported an 11.3% rise in net profit, while Tata Motors launched a new edition. Dr Reddy's faces supply issues, and IndiGo received…

The Economic Times

IndiGo gets DGCA warning over cargo spillage, dangerous goods rule violations

IndiGo's parent company received a DGCA warning letter for procedural deviations. This followed an audit after a cargo spillage incident occurred in January. The airline must now submit an action taken report to the aviation regulator. No penalties or sanctions were imposed by the DGCA on the airline. The company…

The Economic Times

Delhi, Noida, Gurugram rain: Air India, IndiGo issue travel advisory as heavy showers disrupt flight operations

Heavy rains lashed Delhi, Noida, and Gurugram, bringing relief from humidity. Waterlogging affected traffic movement and caused flight delays across the region. The India Meteorological Department issued an Orange Alert for Delhi and surrounding areas. Monsoon showers also intensified across North India, impacting other cities. Residents experienced much-needed relief from…

The Economic Times

Airtel to Trent: 44 cos likely to report double-digit profit slump in Q1. Are your stocks on the list?

Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit declines in the June quarter. Higher energy costs, weaker demand, geopolitical tensions and margin pressure are expected to weigh on earnings, even as overall corporate profit growth slows in Q1.

The Economic Times

IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lift crude prices

Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories…

The Economic Times

Indian airlines flew 1.53 crore domestic passengers in May: DGCA data

In May, Indian airlines welcomed more than 1.53 crore domestic travelers, marking an impressive growth of over eleven percent from April. IndiGo continued to dominate the market share, while Air India Group also saw a rise. IndiGo's on-time performance outshone its competitors, including Akasa Air and Air India, although numerous…

The Economic Times

Mumbai flight and train status today: IndiGo issues travel advisory, several trains cancelled or rescheduled due to waterlogged tracks

Heavy Mumbai rains have disrupted flight and train services across the city. Schools and colleges in Mumbai will remain closed on Tuesday as a precaution. IndiGo advised passengers to check flight statuses due to ongoing weather impacts. Several trains were cancelled and others diverted due to waterlogged tracks and landslides.…

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